Power REIT (PW) — Stock Correlations & Overview
Over the past year, PW has moved most closely with DUOL, ZENA, CASY. Explore the stocks most correlated and inversely correlated with PW below, along with its price, financials, and company profile.
Stocks correlated with PW
Correlation of daily returns. Higher positive values move with PW; negative values move opposite it. Informational only, not investment advice.
Most correlated with PW
| Symbol | Company | Correlation |
|---|---|---|
| DUOL | Duolingo, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.27 |
| ZENA | ZenaTech, Inc. Common Stock | 0.26 |
| CASY | Casey's General Stores IncRETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.25 |
| SEED | Origin Agritech Limited | 0.25 |
| SMHB | ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 0.24 |
Most inversely correlated with PW
| Symbol | Company | Correlation |
|---|---|---|
| RWTP | Redwood Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | -0.20 |
| SBpD | Safe Bulkers, Inc. 8.00% Series D | -0.19 |
| INNV | InnovAge Holding Corp. Common StockSERVICES-HEALTH SERVICES | -0.18 |
| CRMT | America's Car Mart IncRETAIL-AUTO DEALERS & GASOLINE STATIONS | -0.17 |
| ETHD | ProShares UltraShort Ether ETF | -0.16 |
Frequently asked questions about PW correlations
- Which stocks are most correlated with PW?
- Based on one year of daily returns, the stocks most correlated with Power REIT (PW) are DUOL (0.27), ZENA (0.26) and CASY (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 PW?
- Over the past year, the stocks most inversely correlated with Power REIT (PW) are RWTP (-0.20), SBpD (-0.19) and INNV (-0.18). 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 PW correlations calculated?
- We compute the correlation of daily returns between PW 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.