Inspire 500 ETF (PTL) — Stock Correlations & Overview
Over the past year, PTL has moved most closely with JMOM, ROE, DUKQ. Explore the stocks most correlated and inversely correlated with PTL below, along with its price, financials, and company profile.
Stocks correlated with PTL
Correlation of daily returns. Higher positive values move with PTL; negative values move opposite it. Informational only, not investment advice.
Most correlated with PTL
| Symbol | Company | Correlation |
|---|---|---|
| JMOM | JPMorgan U.S. Momentum Factor ETF | 0.93 |
| ROE | EA Series Trust Astoria US Equal Weight Quality Kings ETF | 0.93 |
| DUKQ | Ocean Park Domestic ETF | 0.92 |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.92 |
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.91 |
Frequently asked questions about PTL correlations
- Which stocks are most correlated with PTL?
- Based on one year of daily returns, the stocks most correlated with Inspire 500 ETF (PTL) are JMOM (0.93), ROE (0.93) and DUKQ (0.92). 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 PTL?
- Over the past year, the stocks most inversely correlated with Inspire 500 ETF (PTL) are HIBS (-0.90), SPXS (-0.87) and SPXU (-0.87). 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 PTL correlations calculated?
- We compute the correlation of daily returns between PTL 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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