Which stocks are most correlated with SYPR?

Based on one year of daily returns, the stocks most correlated with Sypris Solutions Inc (SYPR) are IWC (0.39), UFO (0.37) and ROKT (0.37). 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 SYPR?

Over the past year, the stocks most inversely correlated with Sypris Solutions Inc (SYPR) are TZA (-0.32), TWM (-0.32) and RWM (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Sypris Solutions Inc (SYPR) — Stock Correlations & Overview

Over the past year, SYPR has moved most closely with IWC, UFO, ROKT. Explore the stocks most correlated and inversely correlated with SYPR below, along with its price, financials, and company profile.

Stocks correlated with SYPR

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

Most correlated with SYPR

Symbol	Company	Correlation
IWC	iShares Micro-Cap ETF	0.39
UFO	Procure Space ETF	0.37
ROKT	State Street SPDR S&P Kensho Final Frontiers ETF	0.37
JEDI	Defiance Drone and Modern Warfare ETF	0.37
DWAS	Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright SmallCap Momentum ETFINVESTMENT ADVICE	0.36

Most inversely correlated with SYPR

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.32
TWM	ProShares UltraShort Russell2000	-0.32
RWM	ProShares Short Russell2000	-0.32
SRTY	ProShares UltraPro Short Russell2000	-0.31
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.29

Frequently asked questions about SYPR correlations

Which stocks are most correlated with SYPR?: Based on one year of daily returns, the stocks most correlated with Sypris Solutions Inc (SYPR) are IWC (0.39), UFO (0.37) and ROKT (0.37). 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 SYPR?: Over the past year, the stocks most inversely correlated with Sypris Solutions Inc (SYPR) are TZA (-0.32), TWM (-0.32) and RWM (-0.32). 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 SYPR correlations calculated?: We compute the correlation of daily returns between SYPR 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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