Which stocks are most correlated with DXPE?

Based on one year of daily returns, the stocks most correlated with DXP Enterprises Inc (DXPE) are ALIL (0.61), MTRX (0.59) and ALNT (0.58). 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 DXPE?

Over the past year, the stocks most inversely correlated with DXP Enterprises Inc (DXPE) are TZA (-0.55), TWM (-0.54) and SRTY (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.

DXP Enterprises Inc (DXPE) — Stock Correlations & Overview

Over the past year, DXPE has moved most closely with ALIL, MTRX, ALNT. Explore the stocks most correlated and inversely correlated with DXPE below, along with its price, financials, and company profile.

Stocks correlated with DXPE

Correlation of daily returns. Higher positive values move with DXPE; negative values move opposite it. Informational only, not investment advice.

Most correlated with DXPE

Symbol	Company	Correlation
ALIL	Argent Focused Small Cap ETF	0.61
MTRX	Matrix Service CoCONSTRUCTION - SPECIAL TRADE CONTRACTORS	0.59
ALNT	Allient Inc. Common StockINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS	0.58
NPO	Enpro Inc.GASKETS, PACKG & SEALG DEVICES & RUBBER & PLASTICS HOSE	0.58
PSCI	Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE	0.57

Most inversely correlated with DXPE

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.55
TWM	ProShares UltraShort Russell2000	-0.54
SRTY	ProShares UltraPro Short Russell2000	-0.54
RWM	ProShares Short Russell2000	-0.54
SDD	ProShares UltraShort SmallCap600	-0.54

Frequently asked questions about DXPE correlations

Which stocks are most correlated with DXPE?: Based on one year of daily returns, the stocks most correlated with DXP Enterprises Inc (DXPE) are ALIL (0.61), MTRX (0.59) and ALNT (0.58). 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 DXPE?: Over the past year, the stocks most inversely correlated with DXP Enterprises Inc (DXPE) are TZA (-0.55), TWM (-0.54) and SRTY (-0.54). 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 DXPE correlations calculated?: We compute the correlation of daily returns between DXPE 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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