Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) Correlation Distribution
Across 6,629 rolling correlation observations between Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) and other NASDAQ-listed stocks, 47.2% are positive and 52.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 16.3%.
- Total observations
- 6,629
- Mean correlation
- -0.036
- Most common range
- -0.9 to -0.8
- Positive pairs
- 47.2%
- Strong positive (≥0.7)
- 14.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 536 | 8.1% | |
| -0.8 to -0.7 | 536 | 8.1% | |
| -0.7 to -0.6 | 500 | 7.5% | |
| -0.6 to -0.5 | 500 | 7.5% | |
| -0.5 to -0.4 | 320 | 4.8% | |
| -0.4 to -0.3 | 320 | 4.8% | |
| -0.3 to -0.2 | 263 | 4.0% | |
| -0.2 to -0.1 | 262 | 4.0% | |
| -0.1 to 0.0 | 254 | 3.8% | |
| 0.0 to 0.1 | 254 | 3.8% | |
| 0.1 to 0.2 | 258 | 3.9% | |
| 0.2 to 0.3 | 257 | 3.9% | |
| 0.3 to 0.4 | 302 | 4.6% | |
| 0.4 to 0.5 | 301 | 4.5% | |
| 0.5 to 0.6 | 406 | 6.1% | |
| 0.6 to 0.7 | 405 | 6.1% | |
| 0.7 to 0.8 | 470 | 7.1% | |
| 0.8 to 0.9 | 469 | 7.1% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of HLN?
Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) has an average correlation of about -0.036 with other NASDAQ stocks, based on 6,629 pairwise observations.
Is HLN positively correlated with other stocks?
Not predominantly — 47.2% of pairs are positive and 52.8% are negative. Strong positive correlations (≥0.7) make up 14.3%.
What is the most common correlation range for HLN?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for HLN.
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