Hackett Group Inc (The). (HCKT) Correlation Distribution
Across 6,809 rolling correlation observations between Hackett Group Inc (The). (HCKT) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 8.5%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 13.6%
- Sector
- Services-Management Consulting Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 289 | 4.2% | |
| -0.8 to -0.7 | 288 | 4.2% | |
| -0.7 to -0.6 | 697 | 10.2% | |
| -0.6 to -0.5 | 697 | 10.2% | |
| -0.5 to -0.4 | 543 | 8.0% | |
| -0.4 to -0.3 | 543 | 8.0% | |
| -0.3 to -0.2 | 346 | 5.1% | |
| -0.2 to -0.1 | 346 | 5.1% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 261 | 3.8% | |
| 0.5 to 0.6 | 325 | 4.8% | |
| 0.6 to 0.7 | 324 | 4.8% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 57 | 0.8% |
Frequently asked questions
What is the average correlation of HCKT?
Hackett Group Inc (The). (HCKT) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HCKT positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for HCKT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for HCKT.
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