Allient Inc. Common Stock (ALNT) — Stock Correlations & Overview
Over the past year, ALNT has moved most closely with PRN, MAKX, NRSH. Explore the stocks most correlated and inversely correlated with ALNT below, along with its price, financials, and company profile.
Stocks correlated with ALNT
Correlation of daily returns. Higher positive values move with ALNT; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALNT
| Symbol | Company | Correlation |
|---|---|---|
| PRN | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF | 0.65 |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 0.63 |
| NRSH | Aztlan North America Nearshoring Stock Selection ETF | 0.62 |
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.62 |
| TPC | Tutor Perini CorporationGENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS | 0.61 |
Most inversely correlated with ALNT
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.55 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.53 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.53 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.52 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.52 |
Frequently asked questions about ALNT correlations
- Which stocks are most correlated with ALNT?
- Based on one year of daily returns, the stocks most correlated with Allient Inc. Common Stock (ALNT) are PRN (0.65), MAKX (0.63) and NRSH (0.62). 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 ALNT?
- Over the past year, the stocks most inversely correlated with Allient Inc. Common Stock (ALNT) are SOXS (-0.55), HIBS (-0.53) and TSXD (-0.53). 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 ALNT correlations calculated?
- We compute the correlation of daily returns between ALNT 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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