Orion Energy Systems, Inc. (OESX) — Stock Correlations & Overview
Over the past year, OESX has moved most closely with SWIM, MTRN, CRCT. Explore the stocks most correlated and inversely correlated with OESX below, along with its price, financials, and company profile.
Stocks correlated with OESX
Correlation of daily returns. Higher positive values move with OESX; negative values move opposite it. Informational only, not investment advice.
Most correlated with OESX
| Symbol | Company | Correlation |
|---|---|---|
| SWIM | Latham Group, Inc. Common StockPLASTICS PRODUCTS, NEC | 0.38 |
| MTRN | Materion CorporationMETAL FORGINGS & STAMPINGS | 0.35 |
| CRCT | Cricut, Inc. Class A Common StockSPECIAL INDUSTRY MACHINERY, NEC | 0.34 |
| SMRT | SmartRent, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.31 |
| HGTY | Hagerty, Inc.INSURANCE AGENTS, BROKERS & SERVICE | 0.28 |
Most inversely correlated with OESX
| Symbol | Company | Correlation |
|---|---|---|
| RCON | Recon Technology, Ltd. Class A Ordinary SharesOIL & GAS FIELD SERVICES, NEC | -0.43 |
| DVA | DaVita Inc.SERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.30 |
| USNA | USANA Health Sciences IncMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | -0.29 |
| LMAT | LeMaitre Vascular, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.27 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.23 |
Frequently asked questions about OESX correlations
- Which stocks are most correlated with OESX?
- Based on one year of daily returns, the stocks most correlated with Orion Energy Systems, Inc. (OESX) are SWIM (0.38), MTRN (0.35) and CRCT (0.34). 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 OESX?
- Over the past year, the stocks most inversely correlated with Orion Energy Systems, Inc. (OESX) are RCON (-0.43), DVA (-0.30) and USNA (-0.29). 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 OESX correlations calculated?
- We compute the correlation of daily returns between OESX 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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