Which stocks are most correlated with BIRK?

Based on one year of daily returns, the stocks most correlated with Birkenstock Holding plc (BIRK) are FXD (0.56), MMID (0.55) and RL (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 BIRK?

Over the past year, the stocks most inversely correlated with Birkenstock Holding plc (BIRK) are HDGE (-0.44), SMN (-0.44) and EMTY (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Birkenstock Holding plc (BIRK) — Stock Correlations & Overview

Over the past year, BIRK has moved most closely with FXD, MMID, RL. Explore the stocks most correlated and inversely correlated with BIRK below, along with its price, financials, and company profile.

Stocks correlated with BIRK

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

Most correlated with BIRK

Symbol	Company	Correlation
FXD	First Trust Consumer Discretionary AlphaDEX Fund	0.56
MMID	MFS Active Mid Cap ETF	0.55
RL	Ralph Lauren CorporationMEN'S & BOYS' FURNISHGS, WORK CLOTHG, & ALLIED GARMENTS	0.54
QVAL	Alpha Architect U.S. Quantitative Value ETF	0.52
RSPD	Invesco S&P 500 Equal Weight Consumer Discretionary ETF	0.52

Most inversely correlated with BIRK

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.44
SMN	ProShares UltraShort Materials	-0.44
EMTY	ProShares Decline of the Retail Store ETF	-0.44
SDOW	ProShares UltraPro Short Dow 30	-0.44
DXD	ProShares UltraShort Dow 30	-0.43

Frequently asked questions about BIRK correlations

Which stocks are most correlated with BIRK?: Based on one year of daily returns, the stocks most correlated with Birkenstock Holding plc (BIRK) are FXD (0.56), MMID (0.55) and RL (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 BIRK?: Over the past year, the stocks most inversely correlated with Birkenstock Holding plc (BIRK) are HDGE (-0.44), SMN (-0.44) and EMTY (-0.44). 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 BIRK correlations calculated?: We compute the correlation of daily returns between BIRK 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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