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.
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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:
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:
pct chg | ticker | company name | last close | market 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 |