Heritage Financial Corp (HFWA) Correlation Distribution
Across 6,809 rolling correlation observations between Heritage Financial Corp (HFWA) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.155, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.155
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 2.2%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 115 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 196 | 2.9% | |
| -0.4 to -0.3 | 195 | 2.9% | |
| -0.3 to -0.2 | 381 | 5.6% | |
| -0.2 to -0.1 | 380 | 5.6% | |
| -0.1 to 0.0 | 512 | 7.5% | |
| 0.0 to 0.1 | 512 | 7.5% | |
| 0.1 to 0.2 | 927 | 13.6% | |
| 0.2 to 0.3 | 927 | 13.6% | |
| 0.3 to 0.4 | 928 | 13.6% | |
| 0.4 to 0.5 | 927 | 13.6% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 74 | 1.1% | |
| 0.8 to 0.9 | 74 | 1.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HFWA?
Heritage Financial Corp (HFWA) has an average correlation of about 0.155 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HFWA positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for HFWA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 53.4% of all pairs.
Explore the full interactive correlation distribution for HFWA.
Open interactive dashboard →