Hawaiian Electric Industries, Inc. (HE) Correlation Distribution
Across 6,809 rolling correlation observations between Hawaiian Electric Industries, Inc. (HE) and other NASDAQ-listed stocks, 65.7% are positive and 34.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.158, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,809
- Mean correlation
- 0.158
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.7%
- Strong positive (≥0.7)
- 12.3%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 31 | 0.5% | |
| -0.9 to -0.8 | 340 | 5.0% | |
| -0.8 to -0.7 | 340 | 5.0% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 283 | 4.2% | |
| -0.5 to -0.4 | 215 | 3.2% | |
| -0.4 to -0.3 | 214 | 3.1% | |
| -0.3 to -0.2 | 202 | 3.0% | |
| -0.2 to -0.1 | 202 | 3.0% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 597 | 8.8% | |
| 0.4 to 0.5 | 597 | 8.8% | |
| 0.5 to 0.6 | 803 | 11.8% | |
| 0.6 to 0.7 | 803 | 11.8% | |
| 0.7 to 0.8 | 392 | 5.8% | |
| 0.8 to 0.9 | 392 | 5.8% | |
| 0.9 to 1.0 | 52 | 0.8% |
Frequently asked questions
What is the average correlation of HE?
Hawaiian Electric Industries, Inc. (HE) has an average correlation of about 0.158 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HE positively correlated with other stocks?
Mostly yes — 65.7% of pairs are positive and 34.3% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for HE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for HE.
Open interactive dashboard →