Hyliion Holdings Corp. (HYLN) Correlation Distribution
Across 6,808 rolling correlation observations between Hyliion Holdings Corp. (HYLN) and other NASDAQ-listed stocks, 65.5% are positive and 34.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.3% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,808
- Mean correlation
- 0.235
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 27.3%
- Sector
- Truck & Bus Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 150 | 2.2% | |
| -0.8 to -0.7 | 150 | 2.2% | |
| -0.7 to -0.6 | 319 | 4.7% | |
| -0.6 to -0.5 | 319 | 4.7% | |
| -0.5 to -0.4 | 325 | 4.8% | |
| -0.4 to -0.3 | 325 | 4.8% | |
| -0.3 to -0.2 | 253 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 339 | 5.0% | |
| 0.4 to 0.5 | 339 | 5.0% | |
| 0.5 to 0.6 | 554 | 8.1% | |
| 0.6 to 0.7 | 554 | 8.1% | |
| 0.7 to 0.8 | 742 | 10.9% | |
| 0.8 to 0.9 | 742 | 10.9% | |
| 0.9 to 1.0 | 375 | 5.5% |
Frequently asked questions
What is the average correlation of HYLN?
Hyliion Holdings Corp. (HYLN) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is HYLN positively correlated with other stocks?
Mostly yes — 65.5% of pairs are positive and 34.5% are negative. Strong positive correlations (≥0.7) make up 27.3%.
What is the most common correlation range for HYLN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for HYLN.
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