Hecla Mining Company (HL) Correlation Distribution
Across 6,809 rolling correlation observations between Hecla Mining Company (HL) and other NASDAQ-listed stocks, 78.3% are positive and 21.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.204, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.204
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.3%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 11 | 0.2% | |
| -0.6 to -0.5 | 11 | 0.2% | |
| -0.5 to -0.4 | 88 | 1.3% | |
| -0.4 to -0.3 | 88 | 1.3% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 674 | 9.9% | |
| 0.0 to 0.1 | 673 | 9.9% | |
| 0.1 to 0.2 | 925 | 13.6% | |
| 0.2 to 0.3 | 924 | 13.6% | |
| 0.3 to 0.4 | 1,155 | 17.0% | |
| 0.4 to 0.5 | 1,155 | 17.0% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 4 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of HL?
Hecla Mining Company (HL) has an average correlation of about 0.204 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HL positively correlated with other stocks?
Mostly yes — 78.3% of pairs are positive and 21.7% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for HL?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 55.8% of all pairs.
Explore the full interactive correlation distribution for HL.
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