Which stocks are most correlated with FLNC?

Based on one year of daily returns, the stocks most correlated with Fluence Energy, Inc. Class A Common Stock (FLNC) are UPGR (0.67), CNRG (0.66) and PBW (0.66). 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 FLNC?

Over the past year, the stocks most inversely correlated with Fluence Energy, Inc. Class A Common Stock (FLNC) are TSXD (-0.52), TECS (-0.51) and REW (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Fluence Energy, Inc. Class A Common Stock (FLNC) — Stock Correlations & Overview

Over the past year, FLNC has moved most closely with UPGR, CNRG, PBW. Explore the stocks most correlated and inversely correlated with FLNC below, along with its price, financials, and company profile.

Stocks correlated with FLNC

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

Most correlated with FLNC

Symbol	Company	Correlation
UPGR	Xtrackers US Green Infrastructure Select Equity ETF	0.67
CNRG	State Street SPDR S&P Kensho Clean Power ETF	0.66
PBW	Invesco WilderHill Clean Energy ETF	0.66
CTEX	ProShares S&P Kensho Cleantech ETF	0.66
CTEC	Global X Funds Global X ClimateTech ETF	0.65

Most inversely correlated with FLNC

Symbol	Company	Correlation
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.52
TECS	Direxion Daily Technology Bear 3x ETF	-0.51
REW	Proshares UltraShort Technology	-0.51
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.50
BERZ	MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.50

Frequently asked questions about FLNC correlations

Which stocks are most correlated with FLNC?: Based on one year of daily returns, the stocks most correlated with Fluence Energy, Inc. Class A Common Stock (FLNC) are UPGR (0.67), CNRG (0.66) and PBW (0.66). 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 FLNC?: Over the past year, the stocks most inversely correlated with Fluence Energy, Inc. Class A Common Stock (FLNC) are TSXD (-0.52), TECS (-0.51) and REW (-0.51). 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 FLNC correlations calculated?: We compute the correlation of daily returns between FLNC 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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