Which stocks are most correlated with ORA?

Based on one year of daily returns, the stocks most correlated with Ormat Technologies, Inc. (ORA) are FRNW (0.51), ACES (0.51) and ICLN (0.48). 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 ORA?

Over the past year, the stocks most inversely correlated with Ormat Technologies, Inc. (ORA) are SOXS (-0.35), BTAL (-0.34) and SRTY (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Ormat Technologies, Inc. (ORA) — Stock Correlations & Overview

Over the past year, ORA has moved most closely with FRNW, ACES, ICLN. Explore the stocks most correlated and inversely correlated with ORA below, along with its price, financials, and company profile.

Stocks correlated with ORA

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

Most correlated with ORA

Symbol	Company	Correlation
FRNW	Fidelity Clean Energy ETF	0.51
ACES	ALPS Clean Energy ETF	0.51
ICLN	iShares Global Clean Energy ETF	0.48
CNRG	State Street SPDR S&P Kensho Clean Power ETF	0.48
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	0.48

Most inversely correlated with ORA

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.35
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.34
SRTY	ProShares UltraPro Short Russell2000	-0.33
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.33
TWM	ProShares UltraShort Russell2000	-0.33

Frequently asked questions about ORA correlations

Which stocks are most correlated with ORA?: Based on one year of daily returns, the stocks most correlated with Ormat Technologies, Inc. (ORA) are FRNW (0.51), ACES (0.51) and ICLN (0.48). 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 ORA?: Over the past year, the stocks most inversely correlated with Ormat Technologies, Inc. (ORA) are SOXS (-0.35), BTAL (-0.34) and SRTY (-0.33). 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 ORA correlations calculated?: We compute the correlation of daily returns between ORA 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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