Best Buy Company, Inc. (BBY) — Stock Correlations & Overview
Over the past year, BBY has moved most closely with XRT, RETL, FXD. Explore the stocks most correlated and inversely correlated with BBY below, along with its price, financials, and company profile.
Stocks correlated with BBY
Correlation of daily returns. Higher positive values move with BBY; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBY
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 0.59 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.59 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.54 |
| KSS | Kohls CorporationRETAIL-DEPARTMENT STORES | 0.52 |
| WBIY | WBI Power Factor High Dividend ETF | 0.51 |
Most inversely correlated with BBY
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.53 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.46 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.40 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
| SBB | ProShares Short SmallCap600 | -0.38 |
Frequently asked questions about BBY correlations
- Which stocks are most correlated with BBY?
- Based on one year of daily returns, the stocks most correlated with Best Buy Company, Inc. (BBY) are XRT (0.59), RETL (0.59) and FXD (0.54). 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 BBY?
- Over the past year, the stocks most inversely correlated with Best Buy Company, Inc. (BBY) are EMTY (-0.53), HDGE (-0.46) and DWSH (-0.40). 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 BBY correlations calculated?
- We compute the correlation of daily returns between BBY 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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