Array Digital Infrastructure, Inc. (AD) — Stock Correlations & Overview
Over the past year, AD has moved most closely with TDS, NTCL, ATOS. Explore the stocks most correlated and inversely correlated with AD below, along with its price, financials, and company profile.
Stocks correlated with AD
Correlation of daily returns. Higher positive values move with AD; negative values move opposite it. Informational only, not investment advice.
Most correlated with AD
| Symbol | Company | Correlation |
|---|---|---|
| TDS | Telephone and Data Systems Inc.TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.44 |
| NTCL | NETCLASS TECHNOLOGY INC Class A Ordinary Shares | 0.42 |
| ATOS | Atossa Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.37 |
| PPBT | Purple Biotech Ltd. American Depositary Shares | 0.35 |
| DAN | Dana IncorporatedMOTOR VEHICLE PARTS & ACCESSORIES | 0.33 |
Most inversely correlated with AD
| Symbol | Company | Correlation |
|---|---|---|
| GELS | Gelteq Limited Ordinary Shares | -0.30 |
| PPCB | Propanc Biopharma, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.28 |
| GLXG | Galaxy Payroll Group Limited Class A Ordinary Shares | -0.27 |
| MOVE | Corvex, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.25 |
| HOFT | Hooker Furnishings Corporation Common StockHOUSEHOLD FURNITURE | -0.21 |
Frequently asked questions about AD correlations
- Which stocks are most correlated with AD?
- Based on one year of daily returns, the stocks most correlated with Array Digital Infrastructure, Inc. (AD) are TDS (0.44), NTCL (0.42) and ATOS (0.37). 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 AD?
- Over the past year, the stocks most inversely correlated with Array Digital Infrastructure, Inc. (AD) are GELS (-0.30), PPCB (-0.28) and GLXG (-0.27). 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 AD correlations calculated?
- We compute the correlation of daily returns between AD 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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