Ingevity Corporation (NGVT) — Stock Correlations & Overview
Over the past year, NGVT has moved most closely with PSCI, SAA, PSCM. Explore the stocks most correlated and inversely correlated with NGVT below, along with its price, financials, and company profile.
Stocks correlated with NGVT
Correlation of daily returns. Higher positive values move with NGVT; negative values move opposite it. Informational only, not investment advice.
Most correlated with NGVT
| Symbol | Company | Correlation |
|---|---|---|
| PSCI | Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE | 0.64 |
| SAA | ProShares Ulta SmallCap600 | 0.64 |
| PSCM | Invesco S&P SmallCap Materials ETFINVESTMENT ADVICE | 0.63 |
| XJR | iShares ESG Select Screened S&P Small-Cap ETF | 0.63 |
| DGRS | WisdomTree Trust WisdomTree U.S. SmallCap Quality Dividend Growth Fund | 0.63 |
Frequently asked questions about NGVT correlations
- Which stocks are most correlated with NGVT?
- Based on one year of daily returns, the stocks most correlated with Ingevity Corporation (NGVT) are PSCI (0.64), SAA (0.64) and PSCM (0.63). 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 NGVT?
- Over the past year, the stocks most inversely correlated with Ingevity Corporation (NGVT) are SBB (-0.63), SDD (-0.62) and MYY (-0.60). 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 NGVT correlations calculated?
- We compute the correlation of daily returns between NGVT 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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