Atlas Energy Solutions Inc. (AESI) — Stock Correlations & Overview
Over the past year, AESI has moved most closely with ACDC, PUMP, XES. Explore the stocks most correlated and inversely correlated with AESI below, along with its price, financials, and company profile.
Stocks correlated with AESI
Correlation of daily returns. Higher positive values move with AESI; negative values move opposite it. Informational only, not investment advice.
Most correlated with AESI
| Symbol | Company | Correlation |
|---|---|---|
| ACDC | ProFrac Holding Corp. Class A Common StockOIL & GAS FIELD SERVICES, NEC | 0.65 |
| PUMP | ProPetro Holding Corp.OIL & GAS FIELD SERVICES, NEC | 0.60 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.57 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.56 |
| LBRT | Liberty Energy Inc.OIL & GAS FIELD SERVICES, NEC | 0.54 |
Most inversely correlated with AESI
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.42 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.37 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.37 |
| DUG | ProShares UltraShort Energy | -0.37 |
Frequently asked questions about AESI correlations
- Which stocks are most correlated with AESI?
- Based on one year of daily returns, the stocks most correlated with Atlas Energy Solutions Inc. (AESI) are ACDC (0.65), PUMP (0.60) and XES (0.57). 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 AESI?
- Over the past year, the stocks most inversely correlated with Atlas Energy Solutions Inc. (AESI) are DRIP (-0.42), OILD (-0.38) and NRGD (-0.37). 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 AESI correlations calculated?
- We compute the correlation of daily returns between AESI 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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