Forafric Global PLC Ordinary Shares (AFRI) — Stock Correlations & Overview
Over the past year, AFRI has moved most closely with RGCO, ACR, SEVN. Explore the stocks most correlated and inversely correlated with AFRI below, along with its price, financials, and company profile.
Stocks correlated with AFRI
Correlation of daily returns. Higher positive values move with AFRI; negative values move opposite it. Informational only, not investment advice.
Most correlated with AFRI
| Symbol | Company | Correlation |
|---|---|---|
| RGCO | RGC Resources IncNATURAL GAS TRANSMISSION & DISTRIBUTION | 0.29 |
| ACR | ACRES Commercial Realty Corp.REAL ESTATE INVESTMENT TRUSTS | 0.28 |
| SEVN | Seven Hills Realty Trust Common StockREAL ESTATE INVESTMENT TRUSTS | 0.27 |
| VINP | Vinci Compass Investments Ltd. Class A Common Shares | 0.27 |
| TCX | Tucows, IncSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.27 |
Most inversely correlated with AFRI
| Symbol | Company | Correlation |
|---|---|---|
| MXC | Mexco Energy CorporationCRUDE PETROLEUM & NATURAL GAS | -0.26 |
| SCCD | Sachem Capital Corp. 6.00% Notes due 2026REAL ESTATE INVESTMENT TRUSTS | -0.23 |
| FNRN | First Northern Community Bancorp Common stockSAVINGS INSTITUTION, FEDERALLY CHARTERED | -0.20 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.18 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.17 |
Frequently asked questions about AFRI correlations
- Which stocks are most correlated with AFRI?
- Based on one year of daily returns, the stocks most correlated with Forafric Global PLC Ordinary Shares (AFRI) are RGCO (0.29), ACR (0.28) and SEVN (0.27). 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 AFRI?
- Over the past year, the stocks most inversely correlated with Forafric Global PLC Ordinary Shares (AFRI) are MXC (-0.26), SCCD (-0.23) and FNRN (-0.20). 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 AFRI correlations calculated?
- We compute the correlation of daily returns between AFRI 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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