Hurco Cos Inc (HURC) Correlation Distribution
Across 6,809 rolling correlation observations between Hurco Cos Inc (HURC) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.9% and strong negative correlations (≤−0.7) for 7.5%.
- Total observations
- 6,809
- Mean correlation
- 0.262
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 31.9%
- Sector
- Industrial Instruments For Measurement, Display, And Control
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 255 | 3.7% | |
| -0.8 to -0.7 | 255 | 3.7% | |
| -0.7 to -0.6 | 310 | 4.6% | |
| -0.6 to -0.5 | 309 | 4.5% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 217 | 3.2% | |
| -0.3 to -0.2 | 186 | 2.7% | |
| -0.2 to -0.1 | 186 | 2.7% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 231 | 3.4% | |
| 0.2 to 0.3 | 231 | 3.4% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 594 | 8.7% | |
| 0.6 to 0.7 | 594 | 8.7% | |
| 0.7 to 0.8 | 1,053 | 15.5% | |
| 0.8 to 0.9 | 1,053 | 15.5% | |
| 0.9 to 1.0 | 67 | 1.0% |
Frequently asked questions
What is the average correlation of HURC?
Hurco Cos Inc (HURC) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HURC positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 31.9%.
What is the most common correlation range for HURC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for HURC.
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