Which stocks are most correlated with ACU?

Based on one year of daily returns, the stocks most correlated with Acme United Corporation (ACU) are TCBX (0.48), FMBH (0.48) and MPB (0.48). 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 ACU?

Over the past year, the stocks most inversely correlated with Acme United Corporation (ACU) are SKRE (-0.35), RXD (-0.34) and SDD (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Acme United Corporation (ACU) — Stock Correlations & Overview

Over the past year, ACU has moved most closely with TCBX, FMBH, MPB. Explore the stocks most correlated and inversely correlated with ACU below, along with its price, financials, and company profile.

Stocks correlated with ACU

Correlation of daily returns. Higher positive values move with ACU; negative values move opposite it. Informational only, not investment advice.

Most correlated with ACU

Symbol	Company	Correlation
TCBX	Third Coast Bancshares, Inc. Common StockSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED	0.48
FMBH	First Mid Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS	0.48
MPB	Mid Penn Bancorp, Inc.STATE COMMERCIAL BANKS	0.48
FRBA	First Bank	0.47
FCCO	First Community CorpSTATE COMMERCIAL BANKS	0.46

Most inversely correlated with ACU

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.35
RXD	ProShares UltraShort Health Care	-0.34
SDD	ProShares UltraShort SmallCap600	-0.32
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.31
SBB	ProShares Short SmallCap600	-0.31

Frequently asked questions about ACU correlations

Which stocks are most correlated with ACU?: Based on one year of daily returns, the stocks most correlated with Acme United Corporation (ACU) are TCBX (0.48), FMBH (0.48) and MPB (0.48). 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 ACU?: Over the past year, the stocks most inversely correlated with Acme United Corporation (ACU) are SKRE (-0.35), RXD (-0.34) and SDD (-0.32). 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 ACU correlations calculated?: We compute the correlation of daily returns between ACU 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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