PTL LTD Class A Ordinary Shares (PTLE) — Stock Correlations & Overview
Over the past year, PTLE has moved most closely with RITMpC, SWX, HSIC. Explore the stocks most correlated and inversely correlated with PTLE below, along with its price, financials, and company profile.
Stocks correlated with PTLE
Correlation of daily returns. Higher positive values move with PTLE; negative values move opposite it. Informational only, not investment advice.
Most correlated with PTLE
| Symbol | Company | Correlation |
|---|---|---|
| RITMpC | Rithm Capital Corp. 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.27 |
| SWX | Southwest Gas Holdings, Inc.NATURAL GAS TRANSMISSION & DISTRIBUTION | 0.27 |
| HSIC | Henry Schein IncWHOLESALE-MEDICAL, DENTAL & HOSPITAL EQUIPMENT & SUPPLIES | 0.25 |
| AAPG | Ascentage Pharma Group International American Depository Shares | 0.25 |
| MINN | Mairs & Power Minnesota Municipal Bond ETF | 0.25 |
Most inversely correlated with PTLE
| Symbol | Company | Correlation |
|---|---|---|
| LNKS | Linkers Industries Limited Class A Ordinary Shares | -0.31 |
| HKIT | Hitek Global Inc. Class A Ordinary Share | -0.31 |
| VALN | Valneva SE American Depositary Shares | -0.29 |
| CPII | American Beacon Ionic Inflation Protection ETF | -0.26 |
| CHNR | China Natural Resources, Inc.WHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.22 |
Frequently asked questions about PTLE correlations
- Which stocks are most correlated with PTLE?
- Based on one year of daily returns, the stocks most correlated with PTL LTD Class A Ordinary Shares (PTLE) are RITMpC (0.27), SWX (0.27) and HSIC (0.25). 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 PTLE?
- Over the past year, the stocks most inversely correlated with PTL LTD Class A Ordinary Shares (PTLE) are LNKS (-0.31), HKIT (-0.31) and VALN (-0.29). 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 PTLE correlations calculated?
- We compute the correlation of daily returns between PTLE 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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