Archrock Inc (AROC) — Stock Correlations & Overview
Over the past year, AROC has moved most closely with KGS, NGS, USNG. Explore the stocks most correlated and inversely correlated with AROC below, along with its price, financials, and company profile.
Stocks correlated with AROC
Correlation of daily returns. Higher positive values move with AROC; negative values move opposite it. Informational only, not investment advice.
Most correlated with AROC
| Symbol | Company | Correlation |
|---|---|---|
| KGS | Kodiak Gas Services, Inc.NATURAL GAS TRANSMISSION | 0.76 |
| NGS | Natural Gas Services Group, Inc.OIL & GAS FIELD SERVICES, NEC | 0.62 |
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 0.62 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.56 |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 0.55 |
Most inversely correlated with AROC
| Symbol | Company | Correlation |
|---|---|---|
| SBB | ProShares Short SmallCap600 | -0.39 |
| SDD | ProShares UltraShort SmallCap600 | -0.38 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.35 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.35 |
| MYY | ProShares Short MidCap400 | -0.34 |
Frequently asked questions about AROC correlations
- Which stocks are most correlated with AROC?
- Based on one year of daily returns, the stocks most correlated with Archrock Inc (AROC) are KGS (0.76), NGS (0.62) and USNG (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 AROC?
- Over the past year, the stocks most inversely correlated with Archrock Inc (AROC) are SBB (-0.39), SDD (-0.38) and SMDD (-0.35). 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 AROC correlations calculated?
- We compute the correlation of daily returns between AROC 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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