The Hershey Company (HSY) Correlation Distribution
Across 6,809 rolling correlation observations between The Hershey Company (HSY) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.124, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.124
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Sugar & Confectionery Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 182 | 2.7% | |
| -0.8 to -0.7 | 182 | 2.7% | |
| -0.7 to -0.6 | 591 | 8.7% | |
| -0.6 to -0.5 | 591 | 8.7% | |
| -0.5 to -0.4 | 557 | 8.2% | |
| -0.4 to -0.3 | 557 | 8.2% | |
| -0.3 to -0.2 | 542 | 8.0% | |
| -0.2 to -0.1 | 542 | 8.0% | |
| -0.1 to 0.0 | 518 | 7.6% | |
| 0.0 to 0.1 | 517 | 7.6% | |
| 0.1 to 0.2 | 401 | 5.9% | |
| 0.2 to 0.3 | 401 | 5.9% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 194 | 2.8% | |
| 0.6 to 0.7 | 193 | 2.8% | |
| 0.7 to 0.8 | 120 | 1.8% | |
| 0.8 to 0.9 | 119 | 1.7% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of HSY?
The Hershey Company (HSY) has an average correlation of about -0.124 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HSY positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for HSY?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 42.9% of all pairs.
Explore the full interactive correlation distribution for HSY.
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