John Hancock Preferred Income Fund II (HPF) Correlation Distribution
Across 6,809 rolling correlation observations between John Hancock Preferred Income Fund II (HPF) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 27.9% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 27.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 158 | 2.3% | |
| -0.6 to -0.5 | 157 | 2.3% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 300 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 410 | 6.0% | |
| 0.4 to 0.5 | 410 | 6.0% | |
| 0.5 to 0.6 | 681 | 10.0% | |
| 0.6 to 0.7 | 680 | 10.0% | |
| 0.7 to 0.8 | 853 | 12.5% | |
| 0.8 to 0.9 | 853 | 12.5% | |
| 0.9 to 1.0 | 194 | 2.8% |
Frequently asked questions
What is the average correlation of HPF?
John Hancock Preferred Income Fund II (HPF) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HPF positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 27.9%.
What is the most common correlation range for HPF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for HPF.
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