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Welcome to stockstats.finance! The main features of this website deal with correlation between stocks or groups of stocks over various timeframes. You can look up correlations between two individual tickers, compare correlations of up to ten tickers at a time, or find tickers that correlate in a particular manner to a base ticker.

The earnings calendar and portfolio beta features are still in development and will both go through several update cycles during the weeks and months to come.


! stockstats.finance is free of charge. To access its features, however, you must be a registered user. Registered users will benefit from tools such as correlation matrix calculations and correlation searches, portfolio beta checks, relative value charts, and standard deviation extremes, with more features constantly being added.


What for correlations?

Correlation, in an equities context, is a statistic that measures how two securities move in relation to each other. Correlation can also measure the way a security moves in relation to a benchmark index, such as the S&P 500 (it does not say anything about cause and effect, though, so we cannot know which of the two movements causes the other, if they are at all directly related).

The correlation coefficient takes values in the range of [-1.0, +1.0]. The closer to -1 or +1, the higher the negative/positive relation. The closer to 0, the less correlation between two securities.

For example, correlation can help you tune your portfolio to improve your hedge against unforessen events, or to find correlated stocks that have a better relative value than your current ones.

We currently hold all tickers from AMEX, NASDAQ and NYSE as long as the daily volume exceeded 100,000 traded shares.

Typical sample results are shown below:


Correlation between: AAPL vs. ABBV
AAPL
Apple Inc. - Sector: Technology / Industry: Consumer Electronics
Market Cap: 2448.45B / Current price: 148.12 - last trading volume: 78576734
ABBV
AbbVie Inc. - Sector: Healthcare / Industry: Drug Manufacturers—General
Market Cap: 188.17B / Current price: 106.48 - last trading volume: 6824679

(a total of 1258 trading days were used, the common minimum)
Data as of 2021-09-14

Trading days Corr. abs. Corr. pct. change
5 (typically one week) +0.778 +0.109
10 (typically 2 weeks) +0.232 -0.234
20 (about 1 month) -0.397 +0.064
40 (about 2 months) -0.348 +0.146
60 (about 3 months) +0.142 +0.233
120 (about half a year) +0.493 +0.213
240 (about one year) +0.720 +0.152
480 (about 2 years) +0.885 +0.490
720 (about 3 years) +0.917 +0.432
960 (about 4 years) +0.809 +0.397
1200 (about 5 years) +0.833 +0.376
All +0.841 +0.364





A tickers correlation matrix (up to 10 tickers at the same time) will look like this (sample older data):

APA BMY PFE
APA 1.000 0.187 0.233
BMY 0.187 1.000 0.455
PFE 0.233 0.455 1.000



A correlation search result can look like this:

Matching pct. change based correlations (0 - 0.02) for BAC (not in the same sector; 120 trading days in its history ; price in [20, 100] ; ETFs filtered; data as of 2021-09-14):

pct chgtickercompany namelast closemarket cap (in billion $)beta
0.0194 PLTR Palantir Technologies Inc. 26.26 51.29 0.000
0.0177 AXSM Axsome Therapeutics, Inc. 26.17 0.99 2.410
0.0169 INCY Incyte Corporation 72.24 15.95 0.751
0.0155 PGNY Progyny, Inc. 58.22 5.20 0.000
0.0154 EFTR eFFECTOR Therapeutics, Inc. 20.76 0.84 0.000
0.0152 CYTK Cytokinetics, Incorporated 33.10 2.76 1.414
0.0145 POSH Poshmark, Inc. 25.16 1.92 0.000
0.0081 AGL agilon health, inc. 31.14 12.17 0.000
0.0063 FATE Fate Therapeutics, Inc. 64.81 6.17 1.623
0.0059 XPEV XPeng Inc. 38.44 33.08 0.000
0.0046 CDNA CareDx, Inc 65.13 3.43 0.629
0.0018 ANVS Annovis Bio, Inc. 31.18 0.25 0.000
0.0005 HR Healthcare Realty Trust Incorporated 30.46 4.43 0.572
0.0003 BYSI BeyondSpring Inc. 22.56 0.88 0.862