Which stocks are most correlated with ROAD?

Based on one year of daily returns, the stocks most correlated with Construction Partners, Inc. Class A Common Stock (ROAD) are PKB (0.63), GVA (0.63) and PAVE (0.58). 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 ROAD?

Over the past year, the stocks most inversely correlated with Construction Partners, Inc. Class A Common Stock (ROAD) are MZZ (-0.52), MYY (-0.52) and SMDD (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Construction Partners, Inc. Class A Common Stock (ROAD) — Stock Correlations & Overview

Over the past year, ROAD has moved most closely with PKB, GVA, PAVE. Explore the stocks most correlated and inversely correlated with ROAD below, along with its price, financials, and company profile.

Stocks correlated with ROAD

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

Most correlated with ROAD

Symbol	Company	Correlation
PKB	Invesco Building & Construction ETF	0.63
GVA	Granite Construction Inc.HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS	0.63
PAVE	Global X U.S. Infrastructure Development ETF	0.58
AIRR	First Trust RBA American Industrial Renaissance ETF	0.58
PSCI	Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE	0.56

Most inversely correlated with ROAD

Symbol	Company	Correlation
MZZ	ProShares UltraShort MidCap400	-0.52
MYY	ProShares Short MidCap400	-0.52
SMDD	ProShares UltraPro Short MidCap400	-0.51
SIJ	ProShares UltraShort Industrials	-0.51
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.47

Frequently asked questions about ROAD correlations

Which stocks are most correlated with ROAD?: Based on one year of daily returns, the stocks most correlated with Construction Partners, Inc. Class A Common Stock (ROAD) are PKB (0.63), GVA (0.63) and PAVE (0.58). 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 ROAD?: Over the past year, the stocks most inversely correlated with Construction Partners, Inc. Class A Common Stock (ROAD) are MZZ (-0.52), MYY (-0.52) and SMDD (-0.51). 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 ROAD correlations calculated?: We compute the correlation of daily returns between ROAD 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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