Highland Opportunities and Income Fund (HFRO) Correlation Distribution
Across 6,809 rolling correlation observations between Highland Opportunities and Income Fund (HFRO) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.172, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- 0.172
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 126 | 1.9% | |
| -0.9 to -0.8 | 289 | 4.2% | |
| -0.8 to -0.7 | 288 | 4.2% | |
| -0.7 to -0.6 | 252 | 3.7% | |
| -0.6 to -0.5 | 251 | 3.7% | |
| -0.5 to -0.4 | 206 | 3.0% | |
| -0.4 to -0.3 | 206 | 3.0% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 212 | 3.1% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 228 | 3.3% | |
| 0.1 to 0.2 | 320 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 608 | 8.9% | |
| 0.4 to 0.5 | 608 | 8.9% | |
| 0.5 to 0.6 | 712 | 10.5% | |
| 0.6 to 0.7 | 711 | 10.4% | |
| 0.7 to 0.8 | 477 | 7.0% | |
| 0.8 to 0.9 | 476 | 7.0% | |
| 0.9 to 1.0 | 78 | 1.1% |
Frequently asked questions
What is the average correlation of HFRO?
Highland Opportunities and Income Fund (HFRO) has an average correlation of about 0.172 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HFRO positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for HFRO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for HFRO.
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