Hooker Furnishings Corporation Common Stock (HOFT) Correlation Distribution
Across 6,809 rolling correlation observations between Hooker Furnishings Corporation Common Stock (HOFT) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.8% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.249
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 23.8%
- Sector
- Household Furniture
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 261 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 352 | 5.2% | |
| -0.4 to -0.3 | 351 | 5.2% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 312 | 4.6% | |
| 0.1 to 0.2 | 345 | 5.1% | |
| 0.2 to 0.3 | 344 | 5.1% | |
| 0.3 to 0.4 | 412 | 6.1% | |
| 0.4 to 0.5 | 412 | 6.1% | |
| 0.5 to 0.6 | 579 | 8.5% | |
| 0.6 to 0.7 | 578 | 8.5% | |
| 0.7 to 0.8 | 805 | 11.8% | |
| 0.8 to 0.9 | 804 | 11.8% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of HOFT?
Hooker Furnishings Corporation Common Stock (HOFT) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HOFT positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 23.8%.
What is the most common correlation range for HOFT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for HOFT.
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