Powell Industries Inc (POWL) — Stock Correlations & Overview
Over the past year, POWL has moved most closely with VOLT, PRN, AIRR. Explore the stocks most correlated and inversely correlated with POWL below, along with its price, financials, and company profile.
Stocks correlated with POWL
Correlation of daily returns. Higher positive values move with POWL; negative values move opposite it. Informational only, not investment advice.
Most correlated with POWL
| Symbol | Company | Correlation |
|---|---|---|
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | 0.76 |
| PRN | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF | 0.72 |
| AIRR | First Trust RBA American Industrial Renaissance ETF | 0.70 |
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.69 |
| GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.69 |
Most inversely correlated with POWL
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.63 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.61 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.60 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.58 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.58 |
Frequently asked questions about POWL correlations
- Which stocks are most correlated with POWL?
- Based on one year of daily returns, the stocks most correlated with Powell Industries Inc (POWL) are VOLT (0.76), PRN (0.72) and AIRR (0.70). 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 POWL?
- Over the past year, the stocks most inversely correlated with Powell Industries Inc (POWL) are SOXS (-0.63), BTAL (-0.61) and HIBS (-0.60). 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 POWL correlations calculated?
- We compute the correlation of daily returns between POWL 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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