Which stocks are most correlated with FTEK?

Based on one year of daily returns, the stocks most correlated with Fuel Tech, Inc. (FTEK) are ASTE (0.37), RFIL (0.37) and PRIM (0.35). 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 FTEK?

Over the past year, the stocks most inversely correlated with Fuel Tech, Inc. (FTEK) are PBTP (-0.37), TZA (-0.30) and SRTY (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Fuel Tech, Inc. (FTEK) — Stock Correlations & Overview

Over the past year, FTEK has moved most closely with ASTE, RFIL, PRIM. Explore the stocks most correlated and inversely correlated with FTEK below, along with its price, financials, and company profile.

Stocks correlated with FTEK

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

Most correlated with FTEK

Symbol	Company	Correlation
ASTE	Astec Industries IncCONSTRUCTION MACHINERY & EQUIP	0.37
RFIL	RF Industries LtdELECTRONIC CONNECTORS	0.37
PRIM	Primoris Services CorporationWATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION	0.35
SPIT	F/m Emerald Special Situations ETF	0.35
KJUN	Innovator U.S. Small Cap Power Buffer ETF - June	0.34

Most inversely correlated with FTEK

Symbol	Company	Correlation
PBTP	Invesco 0-5 Yr US TIPS ETFINVESTMENT ADVICE	-0.37
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.29
TWM	ProShares UltraShort Russell2000	-0.29
RWM	ProShares Short Russell2000	-0.28

Frequently asked questions about FTEK correlations

Which stocks are most correlated with FTEK?: Based on one year of daily returns, the stocks most correlated with Fuel Tech, Inc. (FTEK) are ASTE (0.37), RFIL (0.37) and PRIM (0.35). 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 FTEK?: Over the past year, the stocks most inversely correlated with Fuel Tech, Inc. (FTEK) are PBTP (-0.37), TZA (-0.30) and SRTY (-0.29). 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 FTEK correlations calculated?: We compute the correlation of daily returns between FTEK 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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