Hippo Holdings Inc. (HIPO) Correlation Distribution
Across 6,804 rolling correlation observations between Hippo Holdings Inc. (HIPO) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.353, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,804
- Mean correlation
- 0.353
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 34.7%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 166 | 2.4% | |
| -0.6 to -0.5 | 165 | 2.4% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 323 | 4.7% | |
| -0.2 to -0.1 | 322 | 4.7% | |
| -0.1 to 0.0 | 271 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 354 | 5.2% | |
| 0.4 to 0.5 | 353 | 5.2% | |
| 0.5 to 0.6 | 519 | 7.6% | |
| 0.6 to 0.7 | 518 | 7.6% | |
| 0.7 to 0.8 | 864 | 12.7% | |
| 0.8 to 0.9 | 863 | 12.7% | |
| 0.9 to 1.0 | 633 | 9.3% |
Frequently asked questions
What is the average correlation of HIPO?
Hippo Holdings Inc. (HIPO) has an average correlation of about 0.353 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is HIPO positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for HIPO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for HIPO.
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