H&R Block, Inc. (HRB) Correlation Distribution
Across 6,809 rolling correlation observations between H&R Block, Inc. (HRB) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.175, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 25.5%.
- Total observations
- 6,809
- Mean correlation
- -0.175
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Services-Personal Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 855 | 12.6% | |
| -0.8 to -0.7 | 855 | 12.6% | |
| -0.7 to -0.6 | 653 | 9.6% | |
| -0.6 to -0.5 | 652 | 9.6% | |
| -0.5 to -0.4 | 306 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 210 | 3.1% | |
| 0.4 to 0.5 | 209 | 3.1% | |
| 0.5 to 0.6 | 278 | 4.1% | |
| 0.6 to 0.7 | 277 | 4.1% | |
| 0.7 to 0.8 | 418 | 6.1% | |
| 0.8 to 0.9 | 417 | 6.1% | |
| 0.9 to 1.0 | 80 | 1.2% |
Frequently asked questions
What is the average correlation of HRB?
H&R Block, Inc. (HRB) has an average correlation of about -0.175 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HRB positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for HRB?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for HRB.
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