National Healthcare Corp. (NHC) Correlation Distribution
Across 6,809 rolling correlation observations between National Healthcare Corp. (NHC) and other NASDAQ-listed stocks, 44% are positive and 56% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.006
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Services-Skilled Nursing Care Facilities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 332 | 4.9% | |
| -0.6 to -0.5 | 332 | 4.9% | |
| -0.5 to -0.4 | 723 | 10.6% | |
| -0.4 to -0.3 | 722 | 10.6% | |
| -0.3 to -0.2 | 587 | 8.6% | |
| -0.2 to -0.1 | 586 | 8.6% | |
| -0.1 to 0.0 | 349 | 5.1% | |
| 0.0 to 0.1 | 349 | 5.1% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 391 | 5.7% | |
| 0.6 to 0.7 | 391 | 5.7% | |
| 0.7 to 0.8 | 353 | 5.2% | |
| 0.8 to 0.9 | 352 | 5.2% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of NHC?
National Healthcare Corp. (NHC) has an average correlation of about 0.006 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NHC positively correlated with other stocks?
Not predominantly — 44% of pairs are positive and 56% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for NHC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for NHC.
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