Arts-Way Manufacturing Co Inc (ARTW) — Stock Correlations & Overview
Over the past year, ARTW has moved most closely with BWMN, HZO, JWEL. Explore the stocks most correlated and inversely correlated with ARTW below, along with its price, financials, and company profile.
Stocks correlated with ARTW
Correlation of daily returns. Higher positive values move with ARTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARTW
| Symbol | Company | Correlation |
|---|---|---|
| BWMN | Bowman Consulting Group Ltd. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES | 0.48 |
| HZO | MarineMax, Inc.RETAIL-AUTO & HOME SUPPLY STORES | 0.47 |
| JWEL | Jowell Global Ltd. Ordinary Shares | 0.38 |
| VREX | Varex Imaging Corporation Common StockELECTRONIC COMPONENTS, NEC | 0.37 |
| ABCL | AbCellera Biologics Inc. Common SharesPHARMACEUTICAL PREPARATIONS | 0.36 |
Most inversely correlated with ARTW
| Symbol | Company | Correlation |
|---|---|---|
| SION | Sionna Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.37 |
| TENX | Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.34 |
| TWM | ProShares UltraShort Russell2000 | -0.32 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.31 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.31 |
Frequently asked questions about ARTW correlations
- Which stocks are most correlated with ARTW?
- Based on one year of daily returns, the stocks most correlated with Arts-Way Manufacturing Co Inc (ARTW) are BWMN (0.48), HZO (0.47) and JWEL (0.38). 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 ARTW?
- Over the past year, the stocks most inversely correlated with Arts-Way Manufacturing Co Inc (ARTW) are SION (-0.37), TENX (-0.34) and TWM (-0.32). 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 ARTW correlations calculated?
- We compute the correlation of daily returns between ARTW 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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