Hyster-Yale, Inc. (HY) Correlation Distribution
Across 6,809 rolling correlation observations between Hyster-Yale, Inc. (HY) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.147, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.1% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.147
- Most common range
- 0.1 to 0.2
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 3.1%
- Sector
- Industrial Trucks, Tractors, Trailors & Stackers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 121 | 1.8% | |
| -0.6 to -0.5 | 121 | 1.8% | |
| -0.5 to -0.4 | 220 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 395 | 5.8% | |
| -0.2 to -0.1 | 394 | 5.8% | |
| -0.1 to 0.0 | 606 | 8.9% | |
| 0.0 to 0.1 | 606 | 8.9% | |
| 0.1 to 0.2 | 857 | 12.6% | |
| 0.2 to 0.3 | 857 | 12.6% | |
| 0.3 to 0.4 | 754 | 11.1% | |
| 0.4 to 0.5 | 754 | 11.1% | |
| 0.5 to 0.6 | 330 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 105 | 1.5% | |
| 0.8 to 0.9 | 105 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HY?
Hyster-Yale, Inc. (HY) has an average correlation of about 0.147 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HY positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 3.1%.
What is the most common correlation range for HY?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54.6% of all pairs.
Explore the full interactive correlation distribution for HY.
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