Air Industries Group (AIRI) — Stock Correlations & Overview
Over the past year, AIRI has moved most closely with BSR, MVFG, IAUG. Explore the stocks most correlated and inversely correlated with AIRI below, along with its price, financials, and company profile.
Stocks correlated with AIRI
Correlation of daily returns. Higher positive values move with AIRI; negative values move opposite it. Informational only, not investment advice.
Most correlated with AIRI
| Symbol | Company | Correlation |
|---|---|---|
| BSR | Beacon Unified Catalyst ETF | 0.34 |
| MVFG | Monarch Volume Factor Global Unconstrained Index ETF | 0.34 |
| IAUG | Innovator International Developed Power Buffer ETF - August | 0.34 |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | 0.34 |
| KDEC | Innovator U.S. Small Cap Power Buffer ETF - December | 0.34 |
Most inversely correlated with AIRI
| Symbol | Company | Correlation |
|---|---|---|
| SPAQ | Horizon Kinetics SPAC Active ETF | -0.33 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.32 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.31 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.31 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.30 |
Frequently asked questions about AIRI correlations
- Which stocks are most correlated with AIRI?
- Based on one year of daily returns, the stocks most correlated with Air Industries Group (AIRI) are BSR (0.34), MVFG (0.34) and IAUG (0.34). 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 AIRI?
- Over the past year, the stocks most inversely correlated with Air Industries Group (AIRI) are SPAQ (-0.33), EFU (-0.32) and SPDN (-0.31). 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 AIRI correlations calculated?
- We compute the correlation of daily returns between AIRI 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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