Ascent Solar Technologies, Inc. Common Stock (ASTI) — Stock Correlations & Overview
Over the past year, ASTI has moved most closely with UFO, JEDI, ROKT. Explore the stocks most correlated and inversely correlated with ASTI below, along with its price, financials, and company profile.
Stocks correlated with ASTI
Correlation of daily returns. Higher positive values move with ASTI; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASTI
| Symbol | Company | Correlation |
|---|---|---|
| UFO | Procure Space ETF | 0.52 |
| JEDI | Defiance Drone and Modern Warfare ETF | 0.50 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.49 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.49 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.49 |
Most inversely correlated with ASTI
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.46 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.43 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.43 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.42 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.42 |
Frequently asked questions about ASTI correlations
- Which stocks are most correlated with ASTI?
- Based on one year of daily returns, the stocks most correlated with Ascent Solar Technologies, Inc. Common Stock (ASTI) are UFO (0.52), JEDI (0.50) and ROKT (0.49). 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 ASTI?
- Over the past year, the stocks most inversely correlated with Ascent Solar Technologies, Inc. Common Stock (ASTI) are SARK (-0.46), SPDN (-0.43) and HIBS (-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 ASTI correlations calculated?
- We compute the correlation of daily returns between ASTI 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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