Hovnanian Enterprises Inc. Dep Shr Srs A Pfd (HOVNP) Correlation Distribution
Across 6,772 rolling correlation observations between Hovnanian Enterprises Inc. Dep Shr Srs A Pfd (HOVNP) and other NASDAQ-listed stocks, 59.3% are positive and 40.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.093, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,772
- Mean correlation
- 0.093
- Most common range
- 0.3 to 0.4
- Positive pairs
- 59.3%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 234 | 3.5% | |
| -0.6 to -0.5 | 233 | 3.4% | |
| -0.5 to -0.4 | 385 | 5.7% | |
| -0.4 to -0.3 | 385 | 5.7% | |
| -0.3 to -0.2 | 482 | 7.1% | |
| -0.2 to -0.1 | 482 | 7.1% | |
| -0.1 to 0.0 | 443 | 6.5% | |
| 0.0 to 0.1 | 443 | 6.5% | |
| 0.1 to 0.2 | 566 | 8.4% | |
| 0.2 to 0.3 | 566 | 8.4% | |
| 0.3 to 0.4 | 628 | 9.3% | |
| 0.4 to 0.5 | 627 | 9.3% | |
| 0.5 to 0.6 | 443 | 6.5% | |
| 0.6 to 0.7 | 443 | 6.5% | |
| 0.7 to 0.8 | 151 | 2.2% | |
| 0.8 to 0.9 | 150 | 2.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HOVNP?
Hovnanian Enterprises Inc. Dep Shr Srs A Pfd (HOVNP) has an average correlation of about 0.093 with other NASDAQ stocks, based on 6,772 pairwise observations.
Is HOVNP positively correlated with other stocks?
Mostly yes — 59.3% of pairs are positive and 40.7% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for HOVNP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 44% of all pairs.
Explore the full interactive correlation distribution for HOVNP.
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