Alphatec Holdings, Inc. (ATEC) — Stock Correlations & Overview
Over the past year, ATEC has moved most closely with SIBN, ANGI, XHE. Explore the stocks most correlated and inversely correlated with ATEC below, along with its price, financials, and company profile.
Stocks correlated with ATEC
Correlation of daily returns. Higher positive values move with ATEC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ATEC
| Symbol | Company | Correlation |
|---|---|---|
| SIBN | SI-BONE, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.53 |
| ANGI | Angi Inc. Class A Common StockSERVICES-ADVERTISING | 0.52 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.52 |
| HCKT | Hackett Group Inc (The).SERVICES-MANAGEMENT CONSULTING SERVICES | 0.51 |
| ALC | Alcon Inc. Ordinary Shares | 0.50 |
Most inversely correlated with ATEC
| Symbol | Company | Correlation |
|---|---|---|
| EVC | Entravision CommunicationTELEVISION BROADCASTING STATIONS | -0.37 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.31 |
| FLEX | Flex Ltd. Ordinary SharesPRINTED CIRCUIT BOARDS | -0.27 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.27 |
| BLMN | Bloomin' Brands, Inc. Common StockRETAIL-EATING PLACES | -0.27 |
Frequently asked questions about ATEC correlations
- Which stocks are most correlated with ATEC?
- Based on one year of daily returns, the stocks most correlated with Alphatec Holdings, Inc. (ATEC) are SIBN (0.53), ANGI (0.52) and XHE (0.52). 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 ATEC?
- Over the past year, the stocks most inversely correlated with Alphatec Holdings, Inc. (ATEC) are EVC (-0.37), DWSH (-0.31) and FLEX (-0.27). 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 ATEC correlations calculated?
- We compute the correlation of daily returns between ATEC 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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