JHAA (JHAA) Correlation Distribution
Across 6,405 rolling correlation observations between JHAA (JHAA) and other NASDAQ-listed stocks, 78.4% are positive and 21.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.362, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.9% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,405
- Mean correlation
- 0.362
- Most common range
- 0.7 to 0.8
- Positive pairs
- 78.4%
- Strong positive (≥0.7)
- 24.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.4% | |
| -0.7 to -0.6 | 96 | 1.5% | |
| -0.6 to -0.5 | 96 | 1.5% | |
| -0.5 to -0.4 | 193 | 3.0% | |
| -0.4 to -0.3 | 193 | 3.0% | |
| -0.3 to -0.2 | 236 | 3.7% | |
| -0.2 to -0.1 | 236 | 3.7% | |
| -0.1 to 0.0 | 288 | 4.5% | |
| 0.0 to 0.1 | 287 | 4.5% | |
| 0.1 to 0.2 | 329 | 5.1% | |
| 0.2 to 0.3 | 329 | 5.1% | |
| 0.3 to 0.4 | 456 | 7.1% | |
| 0.4 to 0.5 | 455 | 7.1% | |
| 0.5 to 0.6 | 784 | 12.2% | |
| 0.6 to 0.7 | 783 | 12.2% | |
| 0.7 to 0.8 | 791 | 12.3% | |
| 0.8 to 0.9 | 791 | 12.3% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of JHAA?
JHAA (JHAA) has an average correlation of about 0.362 with other NASDAQ stocks, based on 6,405 pairwise observations.
Is JHAA positively correlated with other stocks?
Mostly yes — 78.4% of pairs are positive and 21.6% are negative. Strong positive correlations (≥0.7) make up 24.9%.
What is the most common correlation range for JHAA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for JHAA.
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