Hingham Institution for Saving (HIFS) Correlation Distribution
Across 6,809 rolling correlation observations between Hingham Institution for Saving (HIFS) and other NASDAQ-listed stocks, 73.6% are positive and 26.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.259, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.259
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.6%
- Strong positive (≥0.7)
- 12.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 78 | 1.1% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 177 | 2.6% | |
| -0.4 to -0.3 | 176 | 2.6% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 365 | 5.4% | |
| -0.1 to 0.0 | 426 | 6.3% | |
| 0.0 to 0.1 | 426 | 6.3% | |
| 0.1 to 0.2 | 507 | 7.4% | |
| 0.2 to 0.3 | 506 | 7.4% | |
| 0.3 to 0.4 | 653 | 9.6% | |
| 0.4 to 0.5 | 652 | 9.6% | |
| 0.5 to 0.6 | 723 | 10.6% | |
| 0.6 to 0.7 | 722 | 10.6% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of HIFS?
Hingham Institution for Saving (HIFS) has an average correlation of about 0.259 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HIFS positively correlated with other stocks?
Mostly yes — 73.6% of pairs are positive and 26.4% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for HIFS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for HIFS.
Open interactive dashboard →