Which stocks are most correlated with PEN?

Based on one year of daily returns, the stocks most correlated with Penumbra, Inc. (PEN) are LFST (0.46), HAE (0.43) and BHFAO (0.36). 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 PEN?

Over the past year, the stocks most inversely correlated with Penumbra, Inc. (PEN) are ENGS (-0.41), AMSC (-0.33) and ACFN (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Penumbra, Inc. (PEN) — Stock Correlations & Overview

Over the past year, PEN has moved most closely with LFST, HAE, BHFAO. Explore the stocks most correlated and inversely correlated with PEN below, along with its price, financials, and company profile.

Stocks correlated with PEN

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

Most correlated with PEN

Symbol	Company	Correlation
LFST	LifeStance Health Group, Inc. Common StockSERVICES-HEALTH SERVICES	0.46
HAE	Haemonetics CorporationSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.43
BHFAO	Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series BLIFE INSURANCE	0.36
BGS	B&G Foods, Inc.FOOD AND KINDRED PRODUCTS	0.34
BHFAP	Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series ALIFE INSURANCE	0.34

Most inversely correlated with PEN

Symbol	Company	Correlation
ENGS	Energys Group Limited Ordinary Shares	-0.41
AMSC	American Superconductor CorpMOTORS & GENERATORS	-0.33
ACFN	Acorn Energy, Inc. Common StockSERVICES-ENGINEERING SERVICES	-0.32
PMTR	Perimeter Acquisition Corp. I Class A Ordinary SharesBLANK CHECKS	-0.32
ELF	e.l.f. Beauty, Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS	-0.31

Frequently asked questions about PEN correlations

Which stocks are most correlated with PEN?: Based on one year of daily returns, the stocks most correlated with Penumbra, Inc. (PEN) are LFST (0.46), HAE (0.43) and BHFAO (0.36). 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 PEN?: Over the past year, the stocks most inversely correlated with Penumbra, Inc. (PEN) are ENGS (-0.41), AMSC (-0.33) and ACFN (-0.32). 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 PEN correlations calculated?: We compute the correlation of daily returns between PEN 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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