Hagerty, Inc. (HGTY) Correlation Distribution
Across 6,791 rolling correlation observations between Hagerty, Inc. (HGTY) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.3, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 19.3% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,791
- Mean correlation
- 0.3
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 19.3%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 93 | 1.4% | |
| -0.5 to -0.4 | 208 | 3.1% | |
| -0.4 to -0.3 | 207 | 3.0% | |
| -0.3 to -0.2 | 374 | 5.5% | |
| -0.2 to -0.1 | 373 | 5.5% | |
| -0.1 to 0.0 | 423 | 6.2% | |
| 0.0 to 0.1 | 422 | 6.2% | |
| 0.1 to 0.2 | 414 | 6.1% | |
| 0.2 to 0.3 | 414 | 6.1% | |
| 0.3 to 0.4 | 508 | 7.5% | |
| 0.4 to 0.5 | 507 | 7.5% | |
| 0.5 to 0.6 | 714 | 10.5% | |
| 0.6 to 0.7 | 714 | 10.5% | |
| 0.7 to 0.8 | 647 | 9.5% | |
| 0.8 to 0.9 | 646 | 9.5% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of HGTY?
Hagerty, Inc. (HGTY) has an average correlation of about 0.3 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is HGTY positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 19.3%.
What is the most common correlation range for HGTY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.6% of all pairs.
Explore the full interactive correlation distribution for HGTY.
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