Tenet Healthcare Corporation New (THC) Correlation Distribution
Across 6,809 rolling correlation observations between Tenet Healthcare Corporation New (THC) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.002, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.002
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 15%
- Sector
- Services-General Medical & Surgical Hospitals, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 115 | 1.7% | |
| -0.8 to -0.7 | 114 | 1.7% | |
| -0.7 to -0.6 | 516 | 7.6% | |
| -0.6 to -0.5 | 516 | 7.6% | |
| -0.5 to -0.4 | 666 | 9.8% | |
| -0.4 to -0.3 | 666 | 9.8% | |
| -0.3 to -0.2 | 450 | 6.6% | |
| -0.2 to -0.1 | 449 | 6.6% | |
| -0.1 to 0.0 | 306 | 4.5% | |
| 0.0 to 0.1 | 305 | 4.5% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 321 | 4.7% | |
| 0.6 to 0.7 | 321 | 4.7% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 450 | 6.6% | |
| 0.9 to 1.0 | 118 | 1.7% |
Frequently asked questions
What is the average correlation of THC?
Tenet Healthcare Corporation New (THC) has an average correlation of about 0.002 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is THC positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for THC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.8% of all pairs.
Explore the full interactive correlation distribution for THC.
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