HP Inc. (HPQ) — Stock Correlations & Overview
Over the past year, HPQ has moved most closely with FCFY, NTAP, FLOW. Explore the stocks most correlated and inversely correlated with HPQ below, along with its price, financials, and company profile.
Stocks correlated with HPQ
Correlation of daily returns. Higher positive values move with HPQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with HPQ
| Symbol | Company | Correlation |
|---|---|---|
| FCFY | First Trust S&P 500 Diversified Free Cash Flow ETF | 0.61 |
| NTAP | NetApp, IncCOMPUTER STORAGE DEVICES | 0.59 |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 0.57 |
| LOGI | Logitech International SACOMPUTER PERIPHERAL EQUIPMENT, NEC | 0.56 |
| KNGZ | First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF | 0.55 |
Most inversely correlated with HPQ
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.45 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.40 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.33 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.29 |
Frequently asked questions about HPQ correlations
- Which stocks are most correlated with HPQ?
- Based on one year of daily returns, the stocks most correlated with HP Inc. (HPQ) are FCFY (0.61), NTAP (0.59) and FLOW (0.57). 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 HPQ?
- Over the past year, the stocks most inversely correlated with HP Inc. (HPQ) are HDGE (-0.45), DWSH (-0.40) and WEBS (-0.33). 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 HPQ correlations calculated?
- We compute the correlation of daily returns between HPQ 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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