Hubbell Incorporated (HUBB) Correlation Distribution
Across 6,809 rolling correlation observations between Hubbell Incorporated (HUBB) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.131, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 17.1%.
- Total observations
- 6,809
- Mean correlation
- -0.131
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 16%
- Sector
- Electronic Components & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 574 | 8.4% | |
| -0.8 to -0.7 | 573 | 8.4% | |
| -0.7 to -0.6 | 850 | 12.5% | |
| -0.6 to -0.5 | 850 | 12.5% | |
| -0.5 to -0.4 | 370 | 5.4% | |
| -0.4 to -0.3 | 369 | 5.4% | |
| -0.3 to -0.2 | 230 | 3.4% | |
| -0.2 to -0.1 | 229 | 3.4% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 191 | 2.8% | |
| 0.3 to 0.4 | 194 | 2.8% | |
| 0.4 to 0.5 | 193 | 2.8% | |
| 0.5 to 0.6 | 247 | 3.6% | |
| 0.6 to 0.7 | 246 | 3.6% | |
| 0.7 to 0.8 | 380 | 5.6% | |
| 0.8 to 0.9 | 379 | 5.6% | |
| 0.9 to 1.0 | 332 | 4.9% |
Frequently asked questions
What is the average correlation of HUBB?
Hubbell Incorporated (HUBB) has an average correlation of about -0.131 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HUBB positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for HUBB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.2% of all pairs.
Explore the full interactive correlation distribution for HUBB.
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