Which stocks are most correlated with AGCO?

Based on one year of daily returns, the stocks most correlated with AGCO Corporation (AGCO) are CNH (0.76), DE (0.71) and VEGI (0.68). 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 AGCO?

Over the past year, the stocks most inversely correlated with AGCO Corporation (AGCO) are SMN (-0.54), SIJ (-0.52) and MZZ (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

AGCO Corporation (AGCO) — Stock Correlations & Overview

Over the past year, AGCO has moved most closely with CNH, DE, VEGI. Explore the stocks most correlated and inversely correlated with AGCO below, along with its price, financials, and company profile.

Stocks correlated with AGCO

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

Most correlated with AGCO

Symbol	Company	Correlation
CNH	CNH INDUSTRIAL N.V.CONSTRUCTION MACHINERY & EQUIP	0.76
DE	Deere & CompanyFARM MACHINERY & EQUIPMENT	0.71
VEGI	iShares MSCI Agriculture Producers ETF	0.68
KROP	Global X AgTech & Food Innovation ETF	0.64
FTAG	First Trust Exchange-Traded Fund II First Trust Indxx Global Agriculture ETF	0.60

Most inversely correlated with AGCO

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.54
SIJ	ProShares UltraShort Industrials	-0.52
MZZ	ProShares UltraShort MidCap400	-0.51
SMDD	ProShares UltraPro Short MidCap400	-0.50
MYY	ProShares Short MidCap400	-0.50

Frequently asked questions about AGCO correlations

Which stocks are most correlated with AGCO?: Based on one year of daily returns, the stocks most correlated with AGCO Corporation (AGCO) are CNH (0.76), DE (0.71) and VEGI (0.68). 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 AGCO?: Over the past year, the stocks most inversely correlated with AGCO Corporation (AGCO) are SMN (-0.54), SIJ (-0.52) and MZZ (-0.51). 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 AGCO correlations calculated?: We compute the correlation of daily returns between AGCO 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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