Which stocks are most correlated with HYLN?

Based on one year of daily returns, the stocks most correlated with Hyliion Holdings Corp. (HYLN) are PBW (0.59), HAIL (0.55) and MEME (0.55). 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 HYLN?

Over the past year, the stocks most inversely correlated with Hyliion Holdings Corp. (HYLN) are RGTZ (-0.47), BTAL (-0.45) and TZA (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Hyliion Holdings Corp. (HYLN) — Stock Correlations & Overview

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

Stocks correlated with HYLN

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

Most correlated with HYLN

Symbol	Company	Correlation
PBW	Invesco WilderHill Clean Energy ETF	0.59
HAIL	State Street SPDR S&P Kensho Smart Mobility ETF	0.55
MEME	Roundhill Meme Stock ETF	0.55
OUST	Ouster, Inc.GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC	0.55
UPGR	Xtrackers US Green Infrastructure Select Equity ETF	0.54

Most inversely correlated with HYLN

Symbol	Company	Correlation
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.47
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.45
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.44
SRTY	ProShares UltraPro Short Russell2000	-0.44
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.43

Frequently asked questions about HYLN correlations

Which stocks are most correlated with HYLN?: Based on one year of daily returns, the stocks most correlated with Hyliion Holdings Corp. (HYLN) are PBW (0.59), HAIL (0.55) and MEME (0.55). 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 HYLN?: Over the past year, the stocks most inversely correlated with Hyliion Holdings Corp. (HYLN) are RGTZ (-0.47), BTAL (-0.45) and TZA (-0.44). 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 HYLN correlations calculated?: We compute the correlation of daily returns between HYLN 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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