Which stocks are most correlated with EIX?

Based on one year of daily returns, the stocks most correlated with Edison International (EIX) are PCG (0.87), PCGpX (0.85) and FXU (0.56). 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 EIX?

Over the past year, the stocks most inversely correlated with Edison International (EIX) are SDP (-0.46), DRV (-0.36) and SRS (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

Edison International (EIX) — Stock Correlations & Overview

Over the past year, EIX has moved most closely with PCG, PCGpX, FXU. Explore the stocks most correlated and inversely correlated with EIX below, along with its price, financials, and company profile.

Stocks correlated with EIX

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

Most correlated with EIX

Symbol	Company	Correlation
PCG	PG&E CorporationELECTRIC & OTHER SERVICES COMBINED	0.87
PCGpX	PG&E Corporation 6.000% Series A Mandatory Convertible Preferred StockELECTRIC & OTHER SERVICES COMBINED	0.85
FXU	First Trust Utilities AlphaDEX Fund	0.56
SRE	SempraGAS & OTHER SERVICES COMBINED	0.55
RSPU	Invesco S&P 500 Equal Weight Utilities ETF	0.53

Most inversely correlated with EIX

Symbol	Company	Correlation
SDP	ProShares UltraShort Utilities	-0.46
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.36
SRS	ProShares UltraShort Real Estate	-0.35
REK	ProShares Short Real Estate	-0.34
SZK	ProShares UltraShort Consumer Staples	-0.26

Frequently asked questions about EIX correlations

Which stocks are most correlated with EIX?: Based on one year of daily returns, the stocks most correlated with Edison International (EIX) are PCG (0.87), PCGpX (0.85) and FXU (0.56). 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 EIX?: Over the past year, the stocks most inversely correlated with Edison International (EIX) are SDP (-0.46), DRV (-0.36) and SRS (-0.35). 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 EIX correlations calculated?: We compute the correlation of daily returns between EIX 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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