Finance of America Companies Inc. (FOA) — Stock Correlations & Overview
Over the past year, FOA has moved most closely with SQLV, PEJ, MILN. Explore the stocks most correlated and inversely correlated with FOA below, along with its price, financials, and company profile.
Stocks correlated with FOA
Correlation of daily returns. Higher positive values move with FOA; negative values move opposite it. Informational only, not investment advice.
Most correlated with FOA
| Symbol | Company | Correlation |
|---|---|---|
| SQLV | Royce Quant Small-Cap Quality Value ETF | 0.53 |
| PEJ | Invesco Leisure and Entertainment ETF | 0.51 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.51 |
| IYC | iShares U.S. Consumer Discretionary ETF | 0.51 |
| MSSS | Monarch Select Subsector Index ETF | 0.50 |
Most inversely correlated with FOA
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.48 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.48 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| SDD | ProShares UltraShort SmallCap600 | -0.45 |
Frequently asked questions about FOA correlations
- Which stocks are most correlated with FOA?
- Based on one year of daily returns, the stocks most correlated with Finance of America Companies Inc. (FOA) are SQLV (0.53), PEJ (0.51) and MILN (0.51). 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 FOA?
- Over the past year, the stocks most inversely correlated with Finance of America Companies Inc. (FOA) are FLYD (-0.49), SCC (-0.48) and HDGE (-0.48). 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 FOA correlations calculated?
- We compute the correlation of daily returns between FOA 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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