HEICO Corporation (HEI) Correlation Distribution
Across 6,809 rolling correlation observations between HEICO Corporation (HEI) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.102, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,809
- Mean correlation
- -0.102
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Aircraft Engines & Engine Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 393 | 5.8% | |
| -0.8 to -0.7 | 392 | 5.8% | |
| -0.7 to -0.6 | 893 | 13.1% | |
| -0.6 to -0.5 | 893 | 13.1% | |
| -0.5 to -0.4 | 449 | 6.6% | |
| -0.4 to -0.3 | 448 | 6.6% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 187 | 2.7% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 252 | 3.7% | |
| 0.7 to 0.8 | 429 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 264 | 3.9% |
Frequently asked questions
What is the average correlation of HEI?
HEICO Corporation (HEI) has an average correlation of about -0.102 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HEI positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for HEI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for HEI.
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