Astec Industries Inc (ASTE) — Stock Correlations & Overview
Over the past year, ASTE has moved most closely with PSCI, XSMO, SAWS. Explore the stocks most correlated and inversely correlated with ASTE below, along with its price, financials, and company profile.
Stocks correlated with ASTE
Correlation of daily returns. Higher positive values move with ASTE; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASTE
| Symbol | Company | Correlation |
|---|---|---|
| PSCI | Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE | 0.68 |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.66 |
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 0.65 |
| PAVE | Global X U.S. Infrastructure Development ETF | 0.64 |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETFINVESTMENT ADVICE | 0.63 |
Frequently asked questions about ASTE correlations
- Which stocks are most correlated with ASTE?
- Based on one year of daily returns, the stocks most correlated with Astec Industries Inc (ASTE) are PSCI (0.68), XSMO (0.66) and SAWS (0.65). 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 ASTE?
- Over the past year, the stocks most inversely correlated with Astec Industries Inc (ASTE) are SBB (-0.62), SDD (-0.61) and SMDD (-0.57). 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 ASTE correlations calculated?
- We compute the correlation of daily returns between ASTE 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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