Which stocks are most correlated with TAC?

Based on one year of daily returns, the stocks most correlated with TransAlta Corporation (TAC) are AIPO (0.57), PPI (0.56) and EHLS (0.55). 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 TAC?

Over the past year, the stocks most inversely correlated with TransAlta Corporation (TAC) are TSXD (-0.51), SOXS (-0.47) and SSG (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

TransAlta Corporation (TAC) — Stock Correlations & Overview

Over the past year, TAC has moved most closely with AIPO, PPI, EHLS. Explore the stocks most correlated and inversely correlated with TAC below, along with its price, financials, and company profile.

Stocks correlated with TAC

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

Most correlated with TAC

Symbol	Company	Correlation
AIPO	Defiance AI & Power Infrastructure ETF	0.57
PPI	Investment Managers Series Trust II Astoria Real Assets ETF	0.56
EHLS	Even Herd Long Short ETF	0.55
TCAI	Tortoise AI Infrastructure ETF	0.55
NUKZ	Range Nuclear Renaissance Index ETF	0.55

Most inversely correlated with TAC

Symbol	Company	Correlation
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.51
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.47
SSG	ProShares UltraShort Semiconductors	-0.46
REW	Proshares UltraShort Technology	-0.46
TECS	Direxion Daily Technology Bear 3x ETF	-0.46

Frequently asked questions about TAC correlations

Which stocks are most correlated with TAC?: Based on one year of daily returns, the stocks most correlated with TransAlta Corporation (TAC) are AIPO (0.57), PPI (0.56) and EHLS (0.55). 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 TAC?: Over the past year, the stocks most inversely correlated with TransAlta Corporation (TAC) are TSXD (-0.51), SOXS (-0.47) and SSG (-0.46). 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 TAC correlations calculated?: We compute the correlation of daily returns between TAC 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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