Hennessy Advisors, Inc. (HNNA) Correlation Distribution
Across 6,807 rolling correlation observations between Hennessy Advisors, Inc. (HNNA) and other NASDAQ-listed stocks, 74.5% are positive and 25.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.183, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,807
- Mean correlation
- 0.183
- Most common range
- 0.1 to 0.2
- Positive pairs
- 74.5%
- Strong positive (≥0.7)
- 4.1%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 88 | 1.3% | |
| -0.6 to -0.5 | 88 | 1.3% | |
| -0.5 to -0.4 | 153 | 2.2% | |
| -0.4 to -0.3 | 153 | 2.2% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 561 | 8.2% | |
| 0.0 to 0.1 | 560 | 8.2% | |
| 0.1 to 0.2 | 963 | 14.1% | |
| 0.2 to 0.3 | 962 | 14.1% | |
| 0.3 to 0.4 | 739 | 10.9% | |
| 0.4 to 0.5 | 739 | 10.9% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 415 | 6.1% | |
| 0.7 to 0.8 | 135 | 2.0% | |
| 0.8 to 0.9 | 135 | 2.0% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of HNNA?
Hennessy Advisors, Inc. (HNNA) has an average correlation of about 0.183 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is HNNA positively correlated with other stocks?
Mostly yes — 74.5% of pairs are positive and 25.5% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for HNNA?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 52.9% of all pairs.
Explore the full interactive correlation distribution for HNNA.
Open interactive dashboard →