Robinhood Markets, Inc. Class A Common Stock (HOOD) Correlation Distribution
Across 6,804 rolling correlation observations between Robinhood Markets, Inc. Class A Common Stock (HOOD) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.174, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,804
- Mean correlation
- 0.174
- Most common range
- 0.1 to 0.2
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 10.9%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 182 | 2.7% | |
| -0.6 to -0.5 | 181 | 2.7% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 408 | 6.0% | |
| -0.2 to -0.1 | 408 | 6.0% | |
| -0.1 to 0.0 | 476 | 7.0% | |
| 0.0 to 0.1 | 475 | 7.0% | |
| 0.1 to 0.2 | 617 | 9.1% | |
| 0.2 to 0.3 | 617 | 9.1% | |
| 0.3 to 0.4 | 525 | 7.7% | |
| 0.4 to 0.5 | 525 | 7.7% | |
| 0.5 to 0.6 | 495 | 7.3% | |
| 0.6 to 0.7 | 494 | 7.3% | |
| 0.7 to 0.8 | 331 | 4.9% | |
| 0.8 to 0.9 | 331 | 4.9% | |
| 0.9 to 1.0 | 79 | 1.2% |
Frequently asked questions
What is the average correlation of HOOD?
Robinhood Markets, Inc. Class A Common Stock (HOOD) has an average correlation of about 0.174 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is HOOD positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for HOOD?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 44.1% of all pairs.
Explore the full interactive correlation distribution for HOOD.
Open interactive dashboard →