LHC (LHC) Correlation Distribution
Across 6,148 rolling correlation observations between LHC (LHC) and other NASDAQ-listed stocks, 23.1% are positive and 76.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.312, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 18.2%.
- Total observations
- 6,148
- Mean correlation
- -0.312
- Most common range
- -0.7 to -0.6
- Positive pairs
- 23.1%
- Strong positive (≥0.7)
- 5.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 45 | 0.7% | |
| -0.9 to -0.8 | 537 | 8.7% | |
| -0.8 to -0.7 | 536 | 8.7% | |
| -0.7 to -0.6 | 965 | 15.7% | |
| -0.6 to -0.5 | 964 | 15.7% | |
| -0.5 to -0.4 | 520 | 8.5% | |
| -0.4 to -0.3 | 520 | 8.5% | |
| -0.3 to -0.2 | 244 | 4.0% | |
| -0.2 to -0.1 | 244 | 4.0% | |
| -0.1 to 0.0 | 154 | 2.5% | |
| 0.0 to 0.1 | 153 | 2.5% | |
| 0.1 to 0.2 | 168 | 2.7% | |
| 0.2 to 0.3 | 167 | 2.7% | |
| 0.3 to 0.4 | 157 | 2.6% | |
| 0.4 to 0.5 | 157 | 2.6% | |
| 0.5 to 0.6 | 133 | 2.2% | |
| 0.6 to 0.7 | 132 | 2.1% | |
| 0.7 to 0.8 | 115 | 1.9% | |
| 0.8 to 0.9 | 115 | 1.9% | |
| 0.9 to 1.0 | 122 | 2.0% |
Frequently asked questions
What is the average correlation of LHC?
LHC (LHC) has an average correlation of about -0.312 with other NASDAQ stocks, based on 6,148 pairwise observations.
Is LHC positively correlated with other stocks?
Not predominantly — 23.1% of pairs are positive and 76.9% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for LHC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for LHC.
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