Biglari Holdings Inc. Class B Common Stock (BH) — Stock Correlations & Overview
Over the past year, BH has moved most closely with BH.A, HAO, PEZ. Explore the stocks most correlated and inversely correlated with BH below, along with its price, financials, and company profile.
Stocks correlated with BH
Correlation of daily returns. Higher positive values move with BH; negative values move opposite it. Informational only, not investment advice.
Most correlated with BH
| Symbol | Company | Correlation |
|---|---|---|
| BH.A | Biglari Holdings Inc. Class A Common StockRETAIL-EATING PLACES | 0.90 |
| HAO | Haoxi Health Technology Limited Class A Ordinary Shares | 0.40 |
| PEZ | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 0.39 |
| RWJ | Invesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE | 0.36 |
| PEJ | Invesco Leisure and Entertainment ETF | 0.36 |
Most inversely correlated with BH
| Symbol | Company | Correlation |
|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.35 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.34 |
| SBB | ProShares Short SmallCap600 | -0.34 |
| SDD | ProShares UltraShort SmallCap600 | -0.33 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.32 |
Frequently asked questions about BH correlations
- Which stocks are most correlated with BH?
- Based on one year of daily returns, the stocks most correlated with Biglari Holdings Inc. Class B Common Stock (BH) are BH.A (0.90), HAO (0.40) and PEZ (0.39). 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 BH?
- Over the past year, the stocks most inversely correlated with Biglari Holdings Inc. Class B Common Stock (BH) are VXZ (-0.35), VIXM (-0.34) and SBB (-0.34). 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 BH correlations calculated?
- We compute the correlation of daily returns between BH 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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