D-Market Electronic Services & Trading American Depositary Shares (HEPS) Correlation Distribution
Across 6,805 rolling correlation observations between D-Market Electronic Services & Trading American Depositary Shares (HEPS) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.264, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,805
- Mean correlation
- 0.264
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 14.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 129 | 1.9% | |
| -0.6 to -0.5 | 128 | 1.9% | |
| -0.5 to -0.4 | 189 | 2.8% | |
| -0.4 to -0.3 | 189 | 2.8% | |
| -0.3 to -0.2 | 321 | 4.7% | |
| -0.2 to -0.1 | 321 | 4.7% | |
| -0.1 to 0.0 | 452 | 6.6% | |
| 0.0 to 0.1 | 451 | 6.6% | |
| 0.1 to 0.2 | 511 | 7.5% | |
| 0.2 to 0.3 | 510 | 7.5% | |
| 0.3 to 0.4 | 545 | 8.0% | |
| 0.4 to 0.5 | 545 | 8.0% | |
| 0.5 to 0.6 | 724 | 10.6% | |
| 0.6 to 0.7 | 723 | 10.6% | |
| 0.7 to 0.8 | 474 | 7.0% | |
| 0.8 to 0.9 | 473 | 7.0% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of HEPS?
D-Market Electronic Services & Trading American Depositary Shares (HEPS) has an average correlation of about 0.264 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is HEPS positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for HEPS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.7% of all pairs.
Explore the full interactive correlation distribution for HEPS.
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