Hamilton Lane Incorporated Class A Common Stock (HLNE) Correlation Distribution
Across 6,809 rolling correlation observations between Hamilton Lane Incorporated Class A Common Stock (HLNE) and other NASDAQ-listed stocks, 46.4% are positive and 53.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.038
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.4%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 105 | 1.5% | |
| -0.8 to -0.7 | 105 | 1.5% | |
| -0.7 to -0.6 | 315 | 4.6% | |
| -0.6 to -0.5 | 314 | 4.6% | |
| -0.5 to -0.4 | 646 | 9.5% | |
| -0.4 to -0.3 | 646 | 9.5% | |
| -0.3 to -0.2 | 585 | 8.6% | |
| -0.2 to -0.1 | 584 | 8.6% | |
| -0.1 to 0.0 | 348 | 5.1% | |
| 0.0 to 0.1 | 347 | 5.1% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 287 | 4.2% | |
| 0.3 to 0.4 | 300 | 4.4% | |
| 0.4 to 0.5 | 300 | 4.4% | |
| 0.5 to 0.6 | 321 | 4.7% | |
| 0.6 to 0.7 | 321 | 4.7% | |
| 0.7 to 0.8 | 430 | 6.3% | |
| 0.8 to 0.9 | 430 | 6.3% | |
| 0.9 to 1.0 | 134 | 2.0% |
Frequently asked questions
What is the average correlation of HLNE?
Hamilton Lane Incorporated Class A Common Stock (HLNE) has an average correlation of about 0.038 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HLNE positively correlated with other stocks?
Not predominantly — 46.4% of pairs are positive and 53.6% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for HLNE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for HLNE.
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