Boeing Company (BA) — Stock Correlations & Overview
Over the past year, BA has moved most closely with BOEG, BOEU, BApA. Explore the stocks most correlated and inversely correlated with BA below, along with its price, financials, and company profile.
Stocks correlated with BA
Correlation of daily returns. Higher positive values move with BA; negative values move opposite it. Informational only, not investment advice.
Most correlated with BA
| Symbol | Company | Correlation |
|---|---|---|
| BOEG | Leverage Shares 2X Long BA Daily ETF | 1.00 |
| BOEU | Direxion Shares ETF Trust Direxion Daily BA Bull 2X ETF | 1.00 |
| BApA | The Boeing Company Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00AIRCRAFT | 0.94 |
| NATO | Themes Transatlantic Defense ETF | 0.63 |
| ITA | iShares U.S. Aerospace & Defense ETF | 0.62 |
Frequently asked questions about BA correlations
- Which stocks are most correlated with BA?
- Based on one year of daily returns, the stocks most correlated with Boeing Company (BA) are BOEG (1.00), BOEU (1.00) and BApA (0.94). 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 BA?
- Over the past year, the stocks most inversely correlated with Boeing Company (BA) are JETD (-0.60), DXD (-0.51) and SDOW (-0.50). 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 BA correlations calculated?
- We compute the correlation of daily returns between BA 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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