John Hancock Preferred Income Fund (HPI) Correlation Distribution
Across 6,809 rolling correlation observations between John Hancock Preferred Income Fund (HPI) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 28.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 214 | 3.1% | |
| -0.6 to -0.5 | 213 | 3.1% | |
| -0.5 to -0.4 | 323 | 4.7% | |
| -0.4 to -0.3 | 322 | 4.7% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 270 | 4.0% | |
| 0.3 to 0.4 | 364 | 5.3% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 646 | 9.5% | |
| 0.6 to 0.7 | 646 | 9.5% | |
| 0.7 to 0.8 | 863 | 12.7% | |
| 0.8 to 0.9 | 862 | 12.7% | |
| 0.9 to 1.0 | 245 | 3.6% |
Frequently asked questions
What is the average correlation of HPI?
John Hancock Preferred Income Fund (HPI) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HPI positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for HPI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for HPI.
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