Herbalife Ltd. (HLF) Correlation Distribution
Across 6,809 rolling correlation observations between Herbalife Ltd. (HLF) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 39% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,809
- Mean correlation
- 0.263
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 39%
- Sector
- Wholesale-Drugs, Proprietaries & Druggists' Sundries
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 360 | 5.3% | |
| -0.8 to -0.7 | 360 | 5.3% | |
| -0.7 to -0.6 | 290 | 4.3% | |
| -0.6 to -0.5 | 289 | 4.2% | |
| -0.5 to -0.4 | 203 | 3.0% | |
| -0.4 to -0.3 | 203 | 3.0% | |
| -0.3 to -0.2 | 188 | 2.8% | |
| -0.2 to -0.1 | 187 | 2.7% | |
| -0.1 to 0.0 | 190 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 977 | 14.3% | |
| 0.8 to 0.9 | 976 | 14.3% | |
| 0.9 to 1.0 | 701 | 10.3% |
Frequently asked questions
What is the average correlation of HLF?
Herbalife Ltd. (HLF) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HLF positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 39%.
What is the most common correlation range for HLF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for HLF.
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