NPK International Inc. (NPKI) — Stock Correlations & Overview
Over the past year, NPKI has moved most closely with AIRR, ELFY, HVAC. Explore the stocks most correlated and inversely correlated with NPKI below, along with its price, financials, and company profile.
Stocks correlated with NPKI
Correlation of daily returns. Higher positive values move with NPKI; negative values move opposite it. Informational only, not investment advice.
Most correlated with NPKI
| Symbol | Company | Correlation |
|---|---|---|
| AIRR | First Trust RBA American Industrial Renaissance ETF | 0.59 |
| ELFY | ALPS Electrification Infrastructure ETF | 0.58 |
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.58 |
| PRN | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF | 0.57 |
| TSME | Thrivent Small-Mid Cap Equity ETF | 0.56 |
Frequently asked questions about NPKI correlations
- Which stocks are most correlated with NPKI?
- Based on one year of daily returns, the stocks most correlated with NPK International Inc. (NPKI) are AIRR (0.59), ELFY (0.58) and HVAC (0.58). 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 NPKI?
- Over the past year, the stocks most inversely correlated with NPK International Inc. (NPKI) are TZA (-0.50), TWM (-0.49) and SRTY (-0.49). 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 NPKI correlations calculated?
- We compute the correlation of daily returns between NPKI 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.