Home Federal Bancorp, Inc. of Louisiana (HFBL) Correlation Distribution
Across 6,577 rolling correlation observations between Home Federal Bancorp, Inc. of Louisiana (HFBL) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.165, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.3% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,577
- Mean correlation
- 0.165
- Most common range
- 0.3 to 0.4
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 10.3%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 44 | 0.7% | |
| -0.9 to -0.8 | 69 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 219 | 3.3% | |
| -0.6 to -0.5 | 218 | 3.3% | |
| -0.5 to -0.4 | 295 | 4.5% | |
| -0.4 to -0.3 | 294 | 4.5% | |
| -0.3 to -0.2 | 325 | 4.9% | |
| -0.2 to -0.1 | 325 | 4.9% | |
| -0.1 to 0.0 | 361 | 5.5% | |
| 0.0 to 0.1 | 360 | 5.5% | |
| 0.1 to 0.2 | 539 | 8.2% | |
| 0.2 to 0.3 | 539 | 8.2% | |
| 0.3 to 0.4 | 594 | 9.0% | |
| 0.4 to 0.5 | 593 | 9.0% | |
| 0.5 to 0.6 | 529 | 8.0% | |
| 0.6 to 0.7 | 529 | 8.0% | |
| 0.7 to 0.8 | 327 | 5.0% | |
| 0.8 to 0.9 | 326 | 5.0% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of HFBL?
Home Federal Bancorp, Inc. of Louisiana (HFBL) has an average correlation of about 0.165 with other NASDAQ stocks, based on 6,577 pairwise observations.
Is HFBL positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 10.3%.
What is the most common correlation range for HFBL?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 37.2% of all pairs.
Explore the full interactive correlation distribution for HFBL.
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