Harmony Gold Mining Company Limited (HMY) Correlation Distribution
Across 6,809 rolling correlation observations between Harmony Gold Mining Company Limited (HMY) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,809
- Mean correlation
- -0.06
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 9.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 170 | 2.5% | |
| -0.8 to -0.7 | 169 | 2.5% | |
| -0.7 to -0.6 | 440 | 6.5% | |
| -0.6 to -0.5 | 439 | 6.4% | |
| -0.5 to -0.4 | 778 | 11.4% | |
| -0.4 to -0.3 | 778 | 11.4% | |
| -0.3 to -0.2 | 534 | 7.8% | |
| -0.2 to -0.1 | 534 | 7.8% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 305 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 258 | 3.8% | |
| 0.5 to 0.6 | 294 | 4.3% | |
| 0.6 to 0.7 | 294 | 4.3% | |
| 0.7 to 0.8 | 318 | 4.7% | |
| 0.8 to 0.9 | 317 | 4.7% | |
| 0.9 to 1.0 | 39 | 0.6% |
Frequently asked questions
What is the average correlation of HMY?
Harmony Gold Mining Company Limited (HMY) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HMY positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for HMY?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.1% of all pairs.
Explore the full interactive correlation distribution for HMY.
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