Spruce Power Holding Corporation (SPRU) — Stock Correlations & Overview
Over the past year, SPRU has moved most closely with AGIO, ABEO, PAL. Explore the stocks most correlated and inversely correlated with SPRU below, along with its price, financials, and company profile.
Stocks correlated with SPRU
Correlation of daily returns. Higher positive values move with SPRU; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPRU
| Symbol | Company | Correlation |
|---|---|---|
| AGIO | Agios Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.31 |
| ABEO | Abeona Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.29 |
| PAL | Proficient Auto Logistics, Inc. Common StockTRANSPORTATION SERVICES | 0.27 |
| PLUG | Plug Power Inc.ELECTRICAL INDUSTRIAL APPARATUS | 0.26 |
| MUND | Northern Trust 2055 Tax-Exempt Distributing Ladder ETF | 0.25 |
Most inversely correlated with SPRU
| Symbol | Company | Correlation |
|---|---|---|
| VSA | VisionSys AI Inc American Depositary Shares | -0.29 |
| FCPT | Four Corners Property Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.20 |
| IRVH | Global X Interest Rate Volatility & Inflation Hedge ETF | -0.20 |
| NTWK | NetSol Technologies, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.20 |
| AHR | American Healthcare REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.19 |
Frequently asked questions about SPRU correlations
- Which stocks are most correlated with SPRU?
- Based on one year of daily returns, the stocks most correlated with Spruce Power Holding Corporation (SPRU) are AGIO (0.31), ABEO (0.29) and PAL (0.27). 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 SPRU?
- Over the past year, the stocks most inversely correlated with Spruce Power Holding Corporation (SPRU) are VSA (-0.29), FCPT (-0.20) and IRVH (-0.20). 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 SPRU correlations calculated?
- We compute the correlation of daily returns between SPRU 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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