Park Aerospace Corp. Common Stock (PKE) — Stock Correlations & Overview
Over the past year, PKE has moved most closely with AFSM, FYC, RZG. Explore the stocks most correlated and inversely correlated with PKE below, along with its price, financials, and company profile.
Stocks correlated with PKE
Correlation of daily returns. Higher positive values move with PKE; negative values move opposite it. Informational only, not investment advice.
Most correlated with PKE
| Symbol | Company | Correlation |
|---|---|---|
| AFSM | First Trust Active Factor Small Cap ETF | 0.57 |
| FYC | First Trust Small Cap Growth AlphaDEX Fund | 0.57 |
| RZG | Invesco S&P SmallCap 600 Pure Growth ETF | 0.57 |
| DCO | Ducommun IncorporatedAIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC | 0.56 |
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 0.56 |
Frequently asked questions about PKE correlations
- Which stocks are most correlated with PKE?
- Based on one year of daily returns, the stocks most correlated with Park Aerospace Corp. Common Stock (PKE) are AFSM (0.57), FYC (0.57) and RZG (0.57). 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 PKE?
- Over the past year, the stocks most inversely correlated with Park Aerospace Corp. Common Stock (PKE) are TZA (-0.53), SRTY (-0.53) and TWM (-0.53). 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 PKE correlations calculated?
- We compute the correlation of daily returns between PKE 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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