Which stocks are most correlated with ESP?

Based on one year of daily returns, the stocks most correlated with Espey Mfg. & Electronics Corp (ESP) are SILC (0.35), ELFY (0.32) and UPSX (0.32). 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 ESP?

Over the past year, the stocks most inversely correlated with Espey Mfg. & Electronics Corp (ESP) are VRSK (-0.27), TZA (-0.26) and SRTY (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Espey Mfg. & Electronics Corp (ESP) — Stock Correlations & Overview

Over the past year, ESP has moved most closely with SILC, ELFY, UPSX. Explore the stocks most correlated and inversely correlated with ESP below, along with its price, financials, and company profile.

Stocks correlated with ESP

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

Most correlated with ESP

Symbol	Company	Correlation
SILC	Silicom Ltd	0.35
ELFY	ALPS Electrification Infrastructure ETF	0.32
UPSX	Tradr 2X Long UPST Daily ETF	0.32
PRN	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF	0.32
DWAS	Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright SmallCap Momentum ETFINVESTMENT ADVICE	0.32

Most inversely correlated with ESP

Symbol	Company	Correlation
VRSK	Verisk Analytics, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	-0.27
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.26
SRTY	ProShares UltraPro Short Russell2000	-0.26
TWM	ProShares UltraShort Russell2000	-0.26
RWM	ProShares Short Russell2000	-0.26

Frequently asked questions about ESP correlations

Which stocks are most correlated with ESP?: Based on one year of daily returns, the stocks most correlated with Espey Mfg. & Electronics Corp (ESP) are SILC (0.35), ELFY (0.32) and UPSX (0.32). 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 ESP?: Over the past year, the stocks most inversely correlated with Espey Mfg. & Electronics Corp (ESP) are VRSK (-0.27), TZA (-0.26) and SRTY (-0.26). 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 ESP correlations calculated?: We compute the correlation of daily returns between ESP 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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