Andersons Inc/The (ANDE) — Stock Correlations & Overview
Over the past year, ANDE has moved most closely with BG, ADM, REX. Explore the stocks most correlated and inversely correlated with ANDE below, along with its price, financials, and company profile.
Stocks correlated with ANDE
Correlation of daily returns. Higher positive values move with ANDE; negative values move opposite it. Informational only, not investment advice.
Most correlated with ANDE
| Symbol | Company | Correlation |
|---|---|---|
| BG | Bunge Global SAFATS & OILS | 0.54 |
| ADM | Archer Daniels Midland CompanyFATS & OILS | 0.47 |
| REX | REX American Resources Corp.INDUSTRIAL ORGANIC CHEMICALS | 0.46 |
| PRIM | Primoris Services CorporationWATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION | 0.44 |
| GPRE | Green Plains, Inc.INDUSTRIAL ORGANIC CHEMICALS | 0.43 |
Most inversely correlated with ANDE
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.34 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.33 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.33 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.33 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
Frequently asked questions about ANDE correlations
- Which stocks are most correlated with ANDE?
- Based on one year of daily returns, the stocks most correlated with Andersons Inc/The (ANDE) are BG (0.54), ADM (0.47) and REX (0.46). 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 ANDE?
- Over the past year, the stocks most inversely correlated with Andersons Inc/The (ANDE) are DRIP (-0.34), WTID (-0.33) and NRGD (-0.33). 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 ANDE correlations calculated?
- We compute the correlation of daily returns between ANDE 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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