Hexcel Corporation (HXL) Correlation Distribution
Across 6,809 rolling correlation observations between Hexcel Corporation (HXL) and other NASDAQ-listed stocks, 41.3% are positive and 58.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- -0.068
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.3%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Plastic Materials, Synth Resins & Nonvulcan Elastomers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 63 | 0.9% | |
| -0.7 to -0.6 | 592 | 8.7% | |
| -0.6 to -0.5 | 591 | 8.7% | |
| -0.5 to -0.4 | 727 | 10.7% | |
| -0.4 to -0.3 | 726 | 10.7% | |
| -0.3 to -0.2 | 449 | 6.6% | |
| -0.2 to -0.1 | 449 | 6.6% | |
| -0.1 to 0.0 | 339 | 5.0% | |
| 0.0 to 0.1 | 338 | 5.0% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 340 | 5.0% | |
| 0.3 to 0.4 | 401 | 5.9% | |
| 0.4 to 0.5 | 401 | 5.9% | |
| 0.5 to 0.6 | 351 | 5.2% | |
| 0.6 to 0.7 | 351 | 5.2% | |
| 0.7 to 0.8 | 144 | 2.1% | |
| 0.8 to 0.9 | 144 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of HXL?
Hexcel Corporation (HXL) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HXL positively correlated with other stocks?
Not predominantly — 41.3% of pairs are positive and 58.7% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for HXL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.1% of all pairs.
Explore the full interactive correlation distribution for HXL.
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