WESTWOOD HOLDINGS GROUP, INC. (WHG) Correlation Distribution
Across 6,809 rolling correlation observations between WESTWOOD HOLDINGS GROUP, INC. (WHG) and other NASDAQ-listed stocks, 77.6% are positive and 22.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.6%
- Strong positive (≥0.7)
- 12.8%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 159 | 2.3% | |
| -0.4 to -0.3 | 158 | 2.3% | |
| -0.3 to -0.2 | 296 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 383 | 5.6% | |
| 0.0 to 0.1 | 383 | 5.6% | |
| 0.1 to 0.2 | 471 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 709 | 10.4% | |
| 0.4 to 0.5 | 709 | 10.4% | |
| 0.5 to 0.6 | 835 | 12.3% | |
| 0.6 to 0.7 | 834 | 12.2% | |
| 0.7 to 0.8 | 430 | 6.3% | |
| 0.8 to 0.9 | 430 | 6.3% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of WHG?
WESTWOOD HOLDINGS GROUP, INC. (WHG) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WHG positively correlated with other stocks?
Mostly yes — 77.6% of pairs are positive and 22.4% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for WHG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.7% of all pairs.
Explore the full interactive correlation distribution for WHG.
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