A.I.dvisor indicates that over the last year, ESAB has been loosely correlated with MLI. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if ESAB jumps, then MLI could also see price increases.
| Ticker / NAME | Correlation To ESAB | 1D Price Change % | ||
|---|---|---|---|---|
| ESAB | 100% | -5.35% | ||
| MLI - ESAB | 58% Loosely correlated | +2.23% | ||
| NWPX - ESAB | 53% Loosely correlated | +1.93% | ||
| PRLB - ESAB | 53% Loosely correlated | +1.52% | ||
| RS - ESAB | 41% Loosely correlated | +0.78% | ||
| CMC - ESAB | 40% Loosely correlated | +4.57% | ||
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| Ticker / NAME | Correlation To ESAB | 1D Price Change % |
|---|---|---|
| ESAB | 100% | -5.35% |
| Metal Fabrication industry (30 stocks) | 5% Poorly correlated | +0.45% |