Hormel Foods Corporation (HRL) Correlation Distribution
Across 6,809 rolling correlation observations between Hormel Foods Corporation (HRL) and other NASDAQ-listed stocks, 63.7% are positive and 36.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.136, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 12.9%.
- Total observations
- 6,809
- Mean correlation
- 0.136
- Most common range
- 0.5 to 0.6
- Positive pairs
- 63.7%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Meat Packing Plants
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 98 | 1.4% | |
| -0.9 to -0.8 | 392 | 5.8% | |
| -0.8 to -0.7 | 391 | 5.7% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 196 | 2.9% | |
| -0.4 to -0.3 | 196 | 2.9% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 210 | 3.1% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 525 | 7.7% | |
| 0.4 to 0.5 | 524 | 7.7% | |
| 0.5 to 0.6 | 802 | 11.8% | |
| 0.6 to 0.7 | 802 | 11.8% | |
| 0.7 to 0.8 | 435 | 6.4% | |
| 0.8 to 0.9 | 434 | 6.4% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of HRL?
Hormel Foods Corporation (HRL) has an average correlation of about 0.136 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HRL positively correlated with other stocks?
Mostly yes — 63.7% of pairs are positive and 36.3% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for HRL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for HRL.
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