HUB Group Inc (HUBG) Correlation Distribution
Across 6,809 rolling correlation observations between HUB Group Inc (HUBG) and other NASDAQ-listed stocks, 43.7% are positive and 56.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.048
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.7%
- Strong positive (≥0.7)
- 5.7%
- Sector
- Arrangement Of Transportation Of Freight & Cargo
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 184 | 2.7% | |
| -0.8 to -0.7 | 184 | 2.7% | |
| -0.7 to -0.6 | 522 | 7.7% | |
| -0.6 to -0.5 | 522 | 7.7% | |
| -0.5 to -0.4 | 555 | 8.2% | |
| -0.4 to -0.3 | 555 | 8.2% | |
| -0.3 to -0.2 | 468 | 6.9% | |
| -0.2 to -0.1 | 468 | 6.9% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 333 | 4.9% | |
| 0.2 to 0.3 | 333 | 4.9% | |
| 0.3 to 0.4 | 360 | 5.3% | |
| 0.4 to 0.5 | 360 | 5.3% | |
| 0.5 to 0.6 | 414 | 6.1% | |
| 0.6 to 0.7 | 413 | 6.1% | |
| 0.7 to 0.8 | 192 | 2.8% | |
| 0.8 to 0.9 | 191 | 2.8% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of HUBG?
HUB Group Inc (HUBG) has an average correlation of about -0.048 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HUBG positively correlated with other stocks?
Not predominantly — 43.7% of pairs are positive and 56.3% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for HUBG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.6% of all pairs.
Explore the full interactive correlation distribution for HUBG.
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