International Tower Hill Mines, Ltd. (THM) Correlation Distribution
Across 6,809 rolling correlation observations between International Tower Hill Mines, Ltd. (THM) and other NASDAQ-listed stocks, 61.3% are positive and 38.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.163, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.2% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- 0.163
- Most common range
- 0.5 to 0.6
- Positive pairs
- 61.3%
- Strong positive (≥0.7)
- 18.2%
- Sector
- Metal Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 142 | 2.1% | |
| -0.8 to -0.7 | 142 | 2.1% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 339 | 5.0% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 372 | 5.5% | |
| -0.3 to -0.2 | 307 | 4.5% | |
| -0.2 to -0.1 | 306 | 4.5% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 295 | 4.3% | |
| 0.2 to 0.3 | 294 | 4.3% | |
| 0.3 to 0.4 | 414 | 6.1% | |
| 0.4 to 0.5 | 413 | 6.1% | |
| 0.5 to 0.6 | 604 | 8.9% | |
| 0.6 to 0.7 | 604 | 8.9% | |
| 0.7 to 0.8 | 591 | 8.7% | |
| 0.8 to 0.9 | 590 | 8.7% | |
| 0.9 to 1.0 | 56 | 0.8% |
Frequently asked questions
What is the average correlation of THM?
International Tower Hill Mines, Ltd. (THM) has an average correlation of about 0.163 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is THM positively correlated with other stocks?
Mostly yes — 61.3% of pairs are positive and 38.7% are negative. Strong positive correlations (≥0.7) make up 18.2%.
What is the most common correlation range for THM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for THM.
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