HSBC Holdings PLC (HSBC) Correlation Distribution
Across 6,809 rolling correlation observations between HSBC Holdings PLC (HSBC) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.103, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 10.5%.
- Total observations
- 6,809
- Mean correlation
- -0.103
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 15.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 356 | 5.2% | |
| -0.8 to -0.7 | 355 | 5.2% | |
| -0.7 to -0.6 | 894 | 13.1% | |
| -0.6 to -0.5 | 893 | 13.1% | |
| -0.5 to -0.4 | 465 | 6.8% | |
| -0.4 to -0.3 | 464 | 6.8% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 218 | 3.2% | |
| 0.4 to 0.5 | 218 | 3.2% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 271 | 4.0% | |
| 0.7 to 0.8 | 446 | 6.6% | |
| 0.8 to 0.9 | 445 | 6.5% | |
| 0.9 to 1.0 | 141 | 2.1% |
Frequently asked questions
What is the average correlation of HSBC?
HSBC Holdings PLC (HSBC) has an average correlation of about -0.103 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HSBC positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for HSBC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for HSBC.
Open interactive dashboard →