IHIT (IHIT) Correlation Distribution
Across 6,411 rolling correlation observations between IHIT (IHIT) and other NASDAQ-listed stocks, 79.9% are positive and 20.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.403, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.9% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,411
- Mean correlation
- 0.403
- Most common range
- 0.7 to 0.8
- Positive pairs
- 79.9%
- Strong positive (≥0.7)
- 35.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 99 | 1.5% | |
| -0.9 to -0.8 | 69 | 1.1% | |
| -0.8 to -0.7 | 69 | 1.1% | |
| -0.7 to -0.6 | 82 | 1.3% | |
| -0.6 to -0.5 | 82 | 1.3% | |
| -0.5 to -0.4 | 156 | 2.4% | |
| -0.4 to -0.3 | 155 | 2.4% | |
| -0.3 to -0.2 | 192 | 3.0% | |
| -0.2 to -0.1 | 192 | 3.0% | |
| -0.1 to 0.0 | 194 | 3.0% | |
| 0.0 to 0.1 | 194 | 3.0% | |
| 0.1 to 0.2 | 249 | 3.9% | |
| 0.2 to 0.3 | 248 | 3.9% | |
| 0.3 to 0.4 | 411 | 6.4% | |
| 0.4 to 0.5 | 410 | 6.4% | |
| 0.5 to 0.6 | 654 | 10.2% | |
| 0.6 to 0.7 | 654 | 10.2% | |
| 0.7 to 0.8 | 1,034 | 16.1% | |
| 0.8 to 0.9 | 1,033 | 16.1% | |
| 0.9 to 1.0 | 234 | 3.6% |
Frequently asked questions
What is the average correlation of IHIT?
IHIT (IHIT) has an average correlation of about 0.403 with other NASDAQ stocks, based on 6,411 pairwise observations.
Is IHIT positively correlated with other stocks?
Mostly yes — 79.9% of pairs are positive and 20.1% are negative. Strong positive correlations (≥0.7) make up 35.9%.
What is the most common correlation range for IHIT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for IHIT.
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