HCDIW (HCDIW) Correlation Distribution
Across 5,863 rolling correlation observations between HCDIW (HCDIW) and other NASDAQ-listed stocks, 77.9% are positive and 22.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.418, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 48.1% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 5,863
- Mean correlation
- 0.418
- Most common range
- 0.7 to 0.8
- Positive pairs
- 77.9%
- Strong positive (≥0.7)
- 48.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.1% | |
| -0.9 to -0.8 | 141 | 2.4% | |
| -0.8 to -0.7 | 141 | 2.4% | |
| -0.7 to -0.6 | 194 | 3.3% | |
| -0.6 to -0.5 | 193 | 3.3% | |
| -0.5 to -0.4 | 126 | 2.1% | |
| -0.4 to -0.3 | 125 | 2.1% | |
| -0.3 to -0.2 | 124 | 2.1% | |
| -0.2 to -0.1 | 123 | 2.1% | |
| -0.1 to 0.0 | 123 | 2.1% | |
| 0.0 to 0.1 | 122 | 2.1% | |
| 0.1 to 0.2 | 157 | 2.7% | |
| 0.2 to 0.3 | 157 | 2.7% | |
| 0.3 to 0.4 | 244 | 4.2% | |
| 0.4 to 0.5 | 244 | 4.2% | |
| 0.5 to 0.6 | 414 | 7.1% | |
| 0.6 to 0.7 | 413 | 7.0% | |
| 0.7 to 0.8 | 1,241 | 21.2% | |
| 0.8 to 0.9 | 1,241 | 21.2% | |
| 0.9 to 1.0 | 337 | 5.7% |
Frequently asked questions
What is the average correlation of HCDIW?
HCDIW (HCDIW) has an average correlation of about 0.418 with other NASDAQ stocks, based on 5,863 pairwise observations.
Is HCDIW positively correlated with other stocks?
Mostly yes — 77.9% of pairs are positive and 22.1% are negative. Strong positive correlations (≥0.7) make up 48.1%.
What is the most common correlation range for HCDIW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 13.7% of all pairs.
Explore the full interactive correlation distribution for HCDIW.
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