ProFrac Holding Corp. Class A Common Stock (ACDC) — Stock Correlations & Overview
Over the past year, ACDC has moved most closely with PUMP, AESI, XES. Explore the stocks most correlated and inversely correlated with ACDC below, along with its price, financials, and company profile.
Stocks correlated with ACDC
Correlation of daily returns. Higher positive values move with ACDC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACDC
| Symbol | Company | Correlation |
|---|---|---|
| PUMP | ProPetro Holding Corp.OIL & GAS FIELD SERVICES, NEC | 0.66 |
| AESI | Atlas Energy Solutions Inc.CRUDE PETROLEUM & NATURAL GAS | 0.65 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.64 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.59 |
| OIH | VanEck Oil Services ETF | 0.58 |
Most inversely correlated with ACDC
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.46 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.44 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.44 |
| DUG | ProShares UltraShort Energy | -0.44 |
Frequently asked questions about ACDC correlations
- Which stocks are most correlated with ACDC?
- Based on one year of daily returns, the stocks most correlated with ProFrac Holding Corp. Class A Common Stock (ACDC) are PUMP (0.66), AESI (0.65) and XES (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ACDC?
- Over the past year, the stocks most inversely correlated with ProFrac Holding Corp. Class A Common Stock (ACDC) are DRIP (-0.46), OILD (-0.45) and ERY (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ACDC correlations calculated?
- We compute the correlation of daily returns between ACDC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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