InnSuites Hospitality Trust (IHT) Correlation Distribution
Across 6,802 rolling correlation observations between InnSuites Hospitality Trust (IHT) and other NASDAQ-listed stocks, 75.4% are positive and 24.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,802
- Mean correlation
- 0.278
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.4%
- Strong positive (≥0.7)
- 7.5%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 80 | 1.2% | |
| -0.6 to -0.5 | 80 | 1.2% | |
| -0.5 to -0.4 | 156 | 2.3% | |
| -0.4 to -0.3 | 155 | 2.3% | |
| -0.3 to -0.2 | 393 | 5.8% | |
| -0.2 to -0.1 | 392 | 5.8% | |
| -0.1 to 0.0 | 382 | 5.6% | |
| 0.0 to 0.1 | 382 | 5.6% | |
| 0.1 to 0.2 | 451 | 6.6% | |
| 0.2 to 0.3 | 451 | 6.6% | |
| 0.3 to 0.4 | 748 | 11.0% | |
| 0.4 to 0.5 | 747 | 11.0% | |
| 0.5 to 0.6 | 921 | 13.5% | |
| 0.6 to 0.7 | 921 | 13.5% | |
| 0.7 to 0.8 | 253 | 3.7% | |
| 0.8 to 0.9 | 252 | 3.7% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of IHT?
InnSuites Hospitality Trust (IHT) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is IHT positively correlated with other stocks?
Mostly yes — 75.4% of pairs are positive and 24.6% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for IHT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36% of all pairs.
Explore the full interactive correlation distribution for IHT.
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