Ascent Industries Co. Common Stock (ACNT) — Stock Correlations & Overview
Over the past year, ACNT has moved most closely with HRZN, HLLY, NCLO. Explore the stocks most correlated and inversely correlated with ACNT below, along with its price, financials, and company profile.
Stocks correlated with ACNT
Correlation of daily returns. Higher positive values move with ACNT; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACNT
| Symbol | Company | Correlation |
|---|---|---|
| HRZN | Horizon Technology Finance Corporation | 0.42 |
| HLLY | Holley Inc.MOTOR VEHICLE PARTS & ACCESSORIES | 0.35 |
| NCLO | Nuveen AA-BBB CLO ETF | 0.32 |
| CSTE | Caesarstone Ltd. | 0.31 |
| HDSN | Hudson Technologies IncWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | 0.29 |
Most inversely correlated with ACNT
| Symbol | Company | Correlation |
|---|---|---|
| AIFF | Firefly Neuroscience, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.33 |
| EOLS | Evolus, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.30 |
| ACEL | Accel Entertainment, Inc.SERVICES-AMUSEMENT & RECREATION SERVICES | -0.26 |
| BDMD | Baird Medical Investment Holdings Ltd Ordinary Share | -0.23 |
| BRLN | iShares Floating Rate Loan Active ETF | -0.22 |
Frequently asked questions about ACNT correlations
- Which stocks are most correlated with ACNT?
- Based on one year of daily returns, the stocks most correlated with Ascent Industries Co. Common Stock (ACNT) are HRZN (0.42), HLLY (0.35) and NCLO (0.32). 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 ACNT?
- Over the past year, the stocks most inversely correlated with Ascent Industries Co. Common Stock (ACNT) are AIFF (-0.33), EOLS (-0.30) and ACEL (-0.26). 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 ACNT correlations calculated?
- We compute the correlation of daily returns between ACNT 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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