Hennessy Advisors, Inc. (HNNA) — Stock Correlations & Overview
Over the past year, HNNA has moved most closely with NEUP, IOPP, PTA. Explore the stocks most correlated and inversely correlated with HNNA below, along with its price, financials, and company profile.
Stocks correlated with HNNA
Correlation of daily returns. Higher positive values move with HNNA; negative values move opposite it. Informational only, not investment advice.
Most correlated with HNNA
| Symbol | Company | Correlation |
|---|---|---|
| NEUP | Neuphoria Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.33 |
| IOPP | Simplify Tara India Opportunities ETF | 0.26 |
| PTA | Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | 0.26 |
| CPHC | Canterbury Park Holding Corporation 'New' Common StockSERVICES-RACING, INCLUDING TRACK OPERATION | 0.25 |
| MFA | MFA Financial, IncREAL ESTATE INVESTMENT TRUSTS | 0.25 |
Most inversely correlated with HNNA
| Symbol | Company | Correlation |
|---|---|---|
| MSN | Emerson Radio Corp.HOUSEHOLD AUDIO & VIDEO EQUIPMENT | -0.26 |
| NERV | Minerva Neurosciences, IncPHARMACEUTICAL PREPARATIONS | -0.26 |
| OMSE | OMS Energy Technologies Inc. Ordinary Shares | -0.25 |
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | -0.25 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.23 |
Frequently asked questions about HNNA correlations
- Which stocks are most correlated with HNNA?
- Based on one year of daily returns, the stocks most correlated with Hennessy Advisors, Inc. (HNNA) are NEUP (0.33), IOPP (0.26) and PTA (0.26). 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 HNNA?
- Over the past year, the stocks most inversely correlated with Hennessy Advisors, Inc. (HNNA) are MSN (-0.26), NERV (-0.26) and OMSE (-0.25). 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 HNNA correlations calculated?
- We compute the correlation of daily returns between HNNA 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.