AmeriServ Financial Inc (ASRV) — Stock Correlations & Overview
Over the past year, ASRV has moved most closely with PROV, GAIA, AVIE. Explore the stocks most correlated and inversely correlated with ASRV below, along with its price, financials, and company profile.
Stocks correlated with ASRV
Correlation of daily returns. Higher positive values move with ASRV; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASRV
| Symbol | Company | Correlation |
|---|---|---|
| PROV | Provident Financial HldgsSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.24 |
| GAIA | Gaia, Inc. Class A Common StockSERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION | 0.23 |
| AVIE | Avantis Inflation Focused Equity ETF | 0.23 |
| FUSB | First US Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS | 0.22 |
| TNET | TRINET GROUP, INC.SERVICES-BUSINESS SERVICES, NEC | 0.21 |
Most inversely correlated with ASRV
| Symbol | Company | Correlation |
|---|---|---|
| CPB | The Campbell's Company Common StockFOOD AND KINDRED PRODUCTS | -0.20 |
| PLBY | Playboy, Inc. Common StockRETAIL-MISCELLANEOUS RETAIL | -0.20 |
| ENTX | Entera Bio Ltd. Ordinary SharesBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.20 |
| YEXT | Yext, Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.19 |
| AP | Ampco-Pittsburgh Corp.PUMPS & PUMPING EQUIPMENT | -0.19 |
Frequently asked questions about ASRV correlations
- Which stocks are most correlated with ASRV?
- Based on one year of daily returns, the stocks most correlated with AmeriServ Financial Inc (ASRV) are PROV (0.24), GAIA (0.23) and AVIE (0.23). 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 ASRV?
- Over the past year, the stocks most inversely correlated with AmeriServ Financial Inc (ASRV) are CPB (-0.20), PLBY (-0.20) and ENTX (-0.20). 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 ASRV correlations calculated?
- We compute the correlation of daily returns between ASRV 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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