Albemarle Corporation (ALB) — Stock Correlations & Overview
Over the past year, ALB has moved most closely with ALBpA, SQM, LITP. Explore the stocks most correlated and inversely correlated with ALB below, along with its price, financials, and company profile.
Stocks correlated with ALB
Correlation of daily returns. Higher positive values move with ALB; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALB
| Symbol | Company | Correlation |
|---|---|---|
| ALBpA | Albemarle Corporation Depositary Shares each representing a 1/20th interest in a share of 7.25% Series A Mandatory Convertible Preferred StockPLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | 0.97 |
| SQM | Sociedad Quimica y Minera de Chile SA | 0.79 |
| LITP | Sprott Lithium Miners ETF | 0.73 |
| ILIT | iShares Lithium Miners and Producers ETF | 0.71 |
| REMX | VanEck Rare Earth and Strategic Metals ETF | 0.70 |
Most inversely correlated with ALB
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.42 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.42 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.42 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.41 |
| SMN | ProShares UltraShort Materials | -0.40 |
Frequently asked questions about ALB correlations
- Which stocks are most correlated with ALB?
- Based on one year of daily returns, the stocks most correlated with Albemarle Corporation (ALB) are ALBpA (0.97), SQM (0.79) and LITP (0.73). 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 ALB?
- Over the past year, the stocks most inversely correlated with Albemarle Corporation (ALB) are ZSL (-0.42), JDST (-0.42) and DUST (-0.42). 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 ALB correlations calculated?
- We compute the correlation of daily returns between ALB 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.