HIBB (HIBB) Correlation Distribution
Across 6,728 rolling correlation observations between HIBB (HIBB) and other NASDAQ-listed stocks, 76.2% are positive and 23.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.215, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,728
- Mean correlation
- 0.215
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.2%
- Strong positive (≥0.7)
- 2.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.3% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 55 | 0.8% | |
| -0.6 to -0.5 | 54 | 0.8% | |
| -0.5 to -0.4 | 152 | 2.3% | |
| -0.4 to -0.3 | 152 | 2.3% | |
| -0.3 to -0.2 | 309 | 4.6% | |
| -0.2 to -0.1 | 309 | 4.6% | |
| -0.1 to 0.0 | 537 | 8.0% | |
| 0.0 to 0.1 | 536 | 8.0% | |
| 0.1 to 0.2 | 827 | 12.3% | |
| 0.2 to 0.3 | 826 | 12.3% | |
| 0.3 to 0.4 | 878 | 13.0% | |
| 0.4 to 0.5 | 878 | 13.0% | |
| 0.5 to 0.6 | 495 | 7.4% | |
| 0.6 to 0.7 | 495 | 7.4% | |
| 0.7 to 0.8 | 93 | 1.4% | |
| 0.8 to 0.9 | 93 | 1.4% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of HIBB?
HIBB (HIBB) has an average correlation of about 0.215 with other NASDAQ stocks, based on 6,728 pairwise observations.
Is HIBB positively correlated with other stocks?
Mostly yes — 76.2% of pairs are positive and 23.8% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for HIBB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49.7% of all pairs.
Explore the full interactive correlation distribution for HIBB.
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