Harmonic Inc (HLIT) Correlation Distribution
Across 6,809 rolling correlation observations between Harmonic Inc (HLIT) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 1.6%
- Sector
- Radio & Tv Broadcasting & Communications Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 136 | 2.0% | |
| -0.8 to -0.7 | 136 | 2.0% | |
| -0.7 to -0.6 | 721 | 10.6% | |
| -0.6 to -0.5 | 720 | 10.6% | |
| -0.5 to -0.4 | 584 | 8.6% | |
| -0.4 to -0.3 | 584 | 8.6% | |
| -0.3 to -0.2 | 464 | 6.8% | |
| -0.2 to -0.1 | 463 | 6.8% | |
| -0.1 to 0.0 | 342 | 5.0% | |
| 0.0 to 0.1 | 342 | 5.0% | |
| 0.1 to 0.2 | 391 | 5.7% | |
| 0.2 to 0.3 | 390 | 5.7% | |
| 0.3 to 0.4 | 439 | 6.4% | |
| 0.4 to 0.5 | 438 | 6.4% | |
| 0.5 to 0.6 | 275 | 4.0% | |
| 0.6 to 0.7 | 275 | 4.0% | |
| 0.7 to 0.8 | 55 | 0.8% | |
| 0.8 to 0.9 | 54 | 0.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of HLIT?
Harmonic Inc (HLIT) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HLIT positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for HLIT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 35.1% of all pairs.
Explore the full interactive correlation distribution for HLIT.
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