Primech Holdings Ltd. Ordinary Shares (PMEC) — Stock Correlations & Overview
Over the past year, PMEC has moved most closely with IBTA, DURA, KRRO. Explore the stocks most correlated and inversely correlated with PMEC below, along with its price, financials, and company profile.
Stocks correlated with PMEC
Correlation of daily returns. Higher positive values move with PMEC; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMEC
| Symbol | Company | Correlation |
|---|---|---|
| IBTA | Ibotta, Inc.SERVICES-ADVERTISING | 0.32 |
| DURA | VanEck Durable High Dividend ETF | 0.31 |
| KRRO | Korro Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.29 |
| NEXN | Nexxen International Ltd. Ordinary Shares | 0.29 |
| ARDT | Ardent Health, Inc.SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC | 0.28 |
Most inversely correlated with PMEC
| Symbol | Company | Correlation |
|---|---|---|
| SUNE | SUNation Energy, Inc. Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS | -0.21 |
| REK | ProShares Short Real Estate | -0.19 |
| SRS | ProShares UltraShort Real Estate | -0.19 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.19 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.18 |
Frequently asked questions about PMEC correlations
- Which stocks are most correlated with PMEC?
- Based on one year of daily returns, the stocks most correlated with Primech Holdings Ltd. Ordinary Shares (PMEC) are IBTA (0.32), DURA (0.31) and KRRO (0.29). 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 PMEC?
- Over the past year, the stocks most inversely correlated with Primech Holdings Ltd. Ordinary Shares (PMEC) are SUNE (-0.21), REK (-0.19) and SRS (-0.19). 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 PMEC correlations calculated?
- We compute the correlation of daily returns between PMEC 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.