Which stocks are most correlated with PSIX?

Based on one year of daily returns, the stocks most correlated with Power Solutions International, Inc. Common Stock (PSIX) are NUKZ (0.55), EQLT (0.55) and DALI (0.54). 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 PSIX?

Over the past year, the stocks most inversely correlated with Power Solutions International, Inc. Common Stock (PSIX) are EDZ (-0.53), EEV (-0.52) and EUM (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.

Power Solutions International, Inc. Common Stock (PSIX) — Stock Correlations & Overview

Over the past year, PSIX has moved most closely with NUKZ, EQLT, DALI. Explore the stocks most correlated and inversely correlated with PSIX below, along with its price, financials, and company profile.

Stocks correlated with PSIX

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

Most correlated with PSIX

Symbol	Company	Correlation
NUKZ	Range Nuclear Renaissance Index ETF	0.55
EQLT	iShares MSCI Emerging Markets Quality Factor ETF	0.55
DALI	First Trust Exchange-Traded Fund VI First Trust Dorsey Wright DALI Equity ETF	0.54
PBD	Invesco Global Clean Energy ETFINVESTMENT ADVICE	0.54
MDAA	Myriad Dynamic Asset Allocation ETF	0.54

Most inversely correlated with PSIX

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.53
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.52
EUM	ProShares Trust Short MSCI Emerging Markets	-0.52
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.48
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.47

Frequently asked questions about PSIX correlations

Which stocks are most correlated with PSIX?: Based on one year of daily returns, the stocks most correlated with Power Solutions International, Inc. Common Stock (PSIX) are NUKZ (0.55), EQLT (0.55) and DALI (0.54). 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 PSIX?: Over the past year, the stocks most inversely correlated with Power Solutions International, Inc. Common Stock (PSIX) are EDZ (-0.53), EEV (-0.52) and EUM (-0.52). 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 PSIX correlations calculated?: We compute the correlation of daily returns between PSIX 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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