NLI Holdings, Inc. (NL) — Stock Correlations & Overview
Over the past year, NL has moved most closely with PLAB, HBB, AVNT. Explore the stocks most correlated and inversely correlated with NL below, along with its price, financials, and company profile.
Stocks correlated with NL
Correlation of daily returns. Higher positive values move with NL; negative values move opposite it. Informational only, not investment advice.
Most correlated with NL
| Symbol | Company | Correlation |
|---|---|---|
| PLAB | Photronics IncSEMICONDUCTORS & RELATED DEVICES | 0.31 |
| HBB | Hamilton Beach Brands Holding Company Class A Common StockELECTRIC HOUSEWARES & FANS | 0.29 |
| AVNT | Avient CorporationPLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | 0.28 |
| GLCR | GlacierShares Nasdaq Iceland ETF | 0.27 |
| PIII | P3 Health Partners Inc. Common StockSERVICES-HEALTH SERVICES | 0.27 |
Most inversely correlated with NL
| Symbol | Company | Correlation |
|---|---|---|
| STG | Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share | -0.27 |
| SDD | ProShares UltraShort SmallCap600 | -0.25 |
| VRRM | Verra Mobility Corporation Class A Common StockTRANSPORTATION SERVICES | -0.24 |
| SBB | ProShares Short SmallCap600 | -0.24 |
| TWM | ProShares UltraShort Russell2000 | -0.22 |
Frequently asked questions about NL correlations
- Which stocks are most correlated with NL?
- Based on one year of daily returns, the stocks most correlated with NLI Holdings, Inc. (NL) are PLAB (0.31), HBB (0.29) and AVNT (0.28). 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 NL?
- Over the past year, the stocks most inversely correlated with NLI Holdings, Inc. (NL) are STG (-0.27), SDD (-0.25) and VRRM (-0.24). 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 NL correlations calculated?
- We compute the correlation of daily returns between NL 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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