Which stocks are most correlated with APD?

Based on one year of daily returns, the stocks most correlated with Air Products & Chemicals, Inc. (APD) are LIN (0.52), UYM (0.42) and XLB (0.41). 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 APD?

Over the past year, the stocks most inversely correlated with Air Products & Chemicals, Inc. (APD) are SMN (-0.39), YHC (-0.29) and WVE (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Air Products & Chemicals, Inc. (APD) — Stock Correlations & Overview

Over the past year, APD has moved most closely with LIN, UYM, XLB. Explore the stocks most correlated and inversely correlated with APD below, along with its price, financials, and company profile.

Stocks correlated with APD

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

Most correlated with APD

Symbol	Company	Correlation
LIN	Linde plc Ordinary ShareINDUSTRIAL INORGANIC CHEMICALS	0.52
UYM	ProShares Ultra Materials	0.42
XLB	State Street Materials Select Sector SPDR ETF	0.41
RSPM	Invesco S&P 500 Equal Weight Materials ETF	0.40
DIVL	Madison Dividend Value ETF	0.39

Most inversely correlated with APD

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.39
YHC	LQR House Inc. Common StockBEVERAGES	-0.29
WVE	Wave Life Sciences Ltd. Ordinary SharesPHARMACEUTICAL PREPARATIONS	-0.28
GPCR	Structure Therapeutics Inc. American Depositary SharesPHARMACEUTICAL PREPARATIONS	-0.27
XERS	Xeris Biopharma Holdings, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.25

Frequently asked questions about APD correlations

Which stocks are most correlated with APD?: Based on one year of daily returns, the stocks most correlated with Air Products & Chemicals, Inc. (APD) are LIN (0.52), UYM (0.42) and XLB (0.41). 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 APD?: Over the past year, the stocks most inversely correlated with Air Products & Chemicals, Inc. (APD) are SMN (-0.39), YHC (-0.29) and WVE (-0.28). 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 APD correlations calculated?: We compute the correlation of daily returns between APD 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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