Which stocks are most correlated with MTRX?

Based on one year of daily returns, the stocks most correlated with Matrix Service Co (MTRX) are DXPE (0.59), AMSC (0.59) and AOSL (0.54). 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 MTRX?

Over the past year, the stocks most inversely correlated with Matrix Service Co (MTRX) are TZA (-0.52), TWM (-0.52) and SRTY (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.

Matrix Service Co (MTRX) — Stock Correlations & Overview

Over the past year, MTRX has moved most closely with DXPE, AMSC, AOSL. Explore the stocks most correlated and inversely correlated with MTRX below, along with its price, financials, and company profile.

Stocks correlated with MTRX

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

Most correlated with MTRX

Symbol	Company	Correlation
DXPE	DXP Enterprises IncWHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT	0.59
AMSC	American Superconductor CorpMOTORS & GENERATORS	0.59
AOSL	Alpha and Omega Semiconductor LimitedSEMICONDUCTORS & RELATED DEVICES	0.54
SYZ	Lazard US Systematic Small Cap Equity ETF	0.53
RUSC	Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF	0.53

Most inversely correlated with MTRX

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.52
TWM	ProShares UltraShort Russell2000	-0.52
SRTY	ProShares UltraPro Short Russell2000	-0.52
RWM	ProShares Short Russell2000	-0.51
SBB	ProShares Short SmallCap600	-0.48

Frequently asked questions about MTRX correlations

Which stocks are most correlated with MTRX?: Based on one year of daily returns, the stocks most correlated with Matrix Service Co (MTRX) are DXPE (0.59), AMSC (0.59) and AOSL (0.54). 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 MTRX?: Over the past year, the stocks most inversely correlated with Matrix Service Co (MTRX) are TZA (-0.52), TWM (-0.52) and SRTY (-0.52). 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 MTRX correlations calculated?: We compute the correlation of daily returns between MTRX 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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