Which stocks are most correlated with AP?

Based on one year of daily returns, the stocks most correlated with Ampco-Pittsburgh Corp. (AP) are PIZ (0.47), MDAA (0.47) and EEMO (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 AP?

Over the past year, the stocks most inversely correlated with Ampco-Pittsburgh Corp. (AP) are EEV (-0.43), EDZ (-0.43) and TTXD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Ampco-Pittsburgh Corp. (AP) — Stock Correlations & Overview

Over the past year, AP has moved most closely with PIZ, MDAA, EEMO. Explore the stocks most correlated and inversely correlated with AP below, along with its price, financials, and company profile.

Stocks correlated with AP

Correlation of daily returns. Higher positive values move with AP; negative values move opposite it. Informational only, not investment advice.

Most correlated with AP

Symbol	Company	Correlation
PIZ	Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright Developed Markets Momentum ETFINVESTMENT ADVICE	0.47
MDAA	Myriad Dynamic Asset Allocation ETF	0.47
EEMO	Invesco S&P Emerging Markets Momentum ETFINVESTMENT ADVICE	0.46
MEMX	Matthews Emerging Markets ex China Active ETF	0.46
DWAW	AdvisorShares Dorsey Wright FSM All Cap World ETF	0.46

Most inversely correlated with AP

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.43
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.43
TTXD	Direxion Daily Technology Top 5 Bear 2X ETF	-0.43
EUM	ProShares Trust Short MSCI Emerging Markets	-0.43
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.42

Frequently asked questions about AP correlations

Which stocks are most correlated with AP?: Based on one year of daily returns, the stocks most correlated with Ampco-Pittsburgh Corp. (AP) are PIZ (0.47), MDAA (0.47) and EEMO (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 AP?: Over the past year, the stocks most inversely correlated with Ampco-Pittsburgh Corp. (AP) are EEV (-0.43), EDZ (-0.43) and TTXD (-0.43). 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 AP correlations calculated?: We compute the correlation of daily returns between AP 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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