Hovnanian Enterprises, Inc. Class A (HOV) Correlation Distribution
Across 6,809 rolling correlation observations between Hovnanian Enterprises, Inc. Class A (HOV) and other NASDAQ-listed stocks, 48.3% are positive and 51.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.049, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.049
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.3%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 236 | 3.5% | |
| -0.6 to -0.5 | 236 | 3.5% | |
| -0.5 to -0.4 | 615 | 9.0% | |
| -0.4 to -0.3 | 614 | 9.0% | |
| -0.3 to -0.2 | 654 | 9.6% | |
| -0.2 to -0.1 | 654 | 9.6% | |
| -0.1 to 0.0 | 430 | 6.3% | |
| 0.0 to 0.1 | 429 | 6.3% | |
| 0.1 to 0.2 | 335 | 4.9% | |
| 0.2 to 0.3 | 335 | 4.9% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 345 | 5.1% | |
| 0.5 to 0.6 | 438 | 6.4% | |
| 0.6 to 0.7 | 437 | 6.4% | |
| 0.7 to 0.8 | 305 | 4.5% | |
| 0.8 to 0.9 | 304 | 4.5% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of HOV?
Hovnanian Enterprises, Inc. Class A (HOV) has an average correlation of about 0.049 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HOV positively correlated with other stocks?
Not predominantly — 48.3% of pairs are positive and 51.7% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for HOV?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 41.7% of all pairs.
Explore the full interactive correlation distribution for HOV.
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