Hercules Capital, Inc. 6.25% Notes due 2033 (HCXY) Correlation Distribution
Across 6,759 rolling correlation observations between Hercules Capital, Inc. 6.25% Notes due 2033 (HCXY) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,759
- Mean correlation
- 0.294
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 22%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 163 | 2.4% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 340 | 5.0% | |
| -0.2 to -0.1 | 340 | 5.0% | |
| -0.1 to 0.0 | 308 | 4.6% | |
| 0.0 to 0.1 | 307 | 4.5% | |
| 0.1 to 0.2 | 305 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 419 | 6.2% | |
| 0.4 to 0.5 | 419 | 6.2% | |
| 0.5 to 0.6 | 781 | 11.6% | |
| 0.6 to 0.7 | 781 | 11.6% | |
| 0.7 to 0.8 | 733 | 10.8% | |
| 0.8 to 0.9 | 733 | 10.8% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of HCXY?
Hercules Capital, Inc. 6.25% Notes due 2033 (HCXY) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,759 pairwise observations.
Is HCXY positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 22%.
What is the most common correlation range for HCXY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for HCXY.
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