Which stocks are most correlated with ULBI?

Based on one year of daily returns, the stocks most correlated with Ultralife Corporation (ULBI) are MTW (0.44), KRT (0.41) and KDEC (0.40). 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 ULBI?

Over the past year, the stocks most inversely correlated with Ultralife Corporation (ULBI) are RWM (-0.39), TZA (-0.38) and SRTY (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Ultralife Corporation (ULBI) — Stock Correlations & Overview

Over the past year, ULBI has moved most closely with MTW, KRT, KDEC. Explore the stocks most correlated and inversely correlated with ULBI below, along with its price, financials, and company profile.

Stocks correlated with ULBI

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

Most correlated with ULBI

Symbol	Company	Correlation
MTW	The Manitowoc Company, Inc.CONSTRUCTION MACHINERY & EQUIP	0.44
KRT	Karat Packaging Inc. Common StockPLASTICS PRODUCTS, NEC	0.41
KDEC	Innovator U.S. Small Cap Power Buffer ETF - December	0.40
GSSC	GS ActiveBeta U.S. Small Cap Equity ETF	0.39
PRFZ	Invesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETF	0.39

Most inversely correlated with ULBI

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.39
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.38
SRTY	ProShares UltraPro Short Russell2000	-0.38
TWM	ProShares UltraShort Russell2000	-0.38
SDD	ProShares UltraShort SmallCap600	-0.38

Frequently asked questions about ULBI correlations

Which stocks are most correlated with ULBI?: Based on one year of daily returns, the stocks most correlated with Ultralife Corporation (ULBI) are MTW (0.44), KRT (0.41) and KDEC (0.40). 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 ULBI?: Over the past year, the stocks most inversely correlated with Ultralife Corporation (ULBI) are RWM (-0.39), TZA (-0.38) and SRTY (-0.38). 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 ULBI correlations calculated?: We compute the correlation of daily returns between ULBI 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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