Hydrofarm Holdings Group, Inc. Common Stock (HYFM) Correlation Distribution
Across 6,808 rolling correlation observations between Hydrofarm Holdings Group, Inc. Common Stock (HYFM) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.353, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.2% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,808
- Mean correlation
- 0.353
- Most common range
- 0.9 to 1.0
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 42.2%
- Sector
- Wholesale-Miscellaneous Nondurable Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 302 | 4.4% | |
| -0.5 to -0.4 | 263 | 3.9% | |
| -0.4 to -0.3 | 262 | 3.8% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 226 | 3.3% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 191 | 2.8% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 274 | 4.0% | |
| 0.4 to 0.5 | 273 | 4.0% | |
| 0.5 to 0.6 | 403 | 5.9% | |
| 0.6 to 0.7 | 402 | 5.9% | |
| 0.7 to 0.8 | 869 | 12.8% | |
| 0.8 to 0.9 | 868 | 12.7% | |
| 0.9 to 1.0 | 1,133 | 16.6% |
Frequently asked questions
What is the average correlation of HYFM?
Hydrofarm Holdings Group, Inc. Common Stock (HYFM) has an average correlation of about 0.353 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is HYFM positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 42.2%.
What is the most common correlation range for HYFM?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for HYFM.
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