Which stocks are most correlated with AEIS?

Based on one year of daily returns, the stocks most correlated with Advanced Energy Industries Inc (AEIS) are PSI (0.82), PTF (0.79) and PDP (0.78). 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 AEIS?

Over the past year, the stocks most inversely correlated with Advanced Energy Industries Inc (AEIS) are SOXS (-0.77), HIBS (-0.71) and TSXD (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Advanced Energy Industries Inc (AEIS) — Stock Correlations & Overview

Over the past year, AEIS has moved most closely with PSI, PTF, PDP. Explore the stocks most correlated and inversely correlated with AEIS below, along with its price, financials, and company profile.

Stocks correlated with AEIS

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

Most correlated with AEIS

Symbol	Company	Correlation
PSI	Invesco Semiconductors ETF	0.82
PTF	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF	0.79
PDP	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETF	0.78
FTXL	First Trust Nasdaq Semiconductor ETF	0.78
SOXL	Direxion Daily Semiconductor Bull 3X ETF	0.77

Most inversely correlated with AEIS

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.77
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.71
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.69
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.68
SSG	ProShares UltraShort Semiconductors	-0.68

Frequently asked questions about AEIS correlations

Which stocks are most correlated with AEIS?: Based on one year of daily returns, the stocks most correlated with Advanced Energy Industries Inc (AEIS) are PSI (0.82), PTF (0.79) and PDP (0.78). 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 AEIS?: Over the past year, the stocks most inversely correlated with Advanced Energy Industries Inc (AEIS) are SOXS (-0.77), HIBS (-0.71) and TSXD (-0.69). 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 AEIS correlations calculated?: We compute the correlation of daily returns between AEIS 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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