Hallador Energy Company (HNRG) Correlation Distribution
Across 6,809 rolling correlation observations between Hallador Energy Company (HNRG) and other NASDAQ-listed stocks, 34.5% are positive and 65.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.207, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 22.2%.
- Total observations
- 6,809
- Mean correlation
- -0.207
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.5%
- Strong positive (≥0.7)
- 6%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 752 | 11.0% | |
| -0.8 to -0.7 | 751 | 11.0% | |
| -0.7 to -0.6 | 700 | 10.3% | |
| -0.6 to -0.5 | 699 | 10.3% | |
| -0.5 to -0.4 | 365 | 5.4% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 287 | 4.2% | |
| -0.2 to -0.1 | 286 | 4.2% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 327 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 202 | 3.0% | |
| 0.8 to 0.9 | 202 | 3.0% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of HNRG?
Hallador Energy Company (HNRG) has an average correlation of about -0.207 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HNRG positively correlated with other stocks?
Not predominantly — 34.5% of pairs are positive and 65.5% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for HNRG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for HNRG.
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