LPL Financial Holdings Inc. (LPLA) — Stock Correlations & Overview
Over the past year, LPLA has moved most closely with RJF, SCHW, AMP. Explore the stocks most correlated and inversely correlated with LPLA below, along with its price, financials, and company profile.
Stocks correlated with LPLA
Correlation of daily returns. Higher positive values move with LPLA; negative values move opposite it. Informational only, not investment advice.
Most correlated with LPLA
| Symbol | Company | Correlation |
|---|---|---|
| RJF | Raymond James Financial, Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.71 |
| SCHW | The Charles Schwab CorporationSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.69 |
| AMP | Ameriprise Financial, Inc.INVESTMENT ADVICE | 0.66 |
| SF | Stifel Financial Corp.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.63 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 0.58 |
Most inversely correlated with LPLA
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.57 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.51 |
| SKF | ProShares UltraShort Financials | -0.51 |
| SEF | ProShares Short Financials | -0.50 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.36 |
Frequently asked questions about LPLA correlations
- Which stocks are most correlated with LPLA?
- Based on one year of daily returns, the stocks most correlated with LPL Financial Holdings Inc. (LPLA) are RJF (0.71), SCHW (0.69) and AMP (0.66). 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 LPLA?
- Over the past year, the stocks most inversely correlated with LPL Financial Holdings Inc. (LPLA) are BNKD (-0.57), FAZ (-0.51) and SKF (-0.51). 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 LPLA correlations calculated?
- We compute the correlation of daily returns between LPLA 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.