Badger Meter, Inc. (BMI) — Stock Correlations & Overview
Over the past year, BMI has moved most closely with XYL, LZMH, BEEZ. Explore the stocks most correlated and inversely correlated with BMI below, along with its price, financials, and company profile.
Stocks correlated with BMI
Correlation of daily returns. Higher positive values move with BMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with BMI
| Symbol | Company | Correlation |
|---|---|---|
| XYL | Xylem IncPUMPS & PUMPING EQUIPMENT | 0.46 |
| LZMH | LZ Technology Holdings Limited Class B Ordinary Shares | 0.45 |
| BEEZ | Honeytree U.S. Equity ETF | 0.43 |
| PHO | Invesco Water Resources ETF | 0.42 |
| FIW | First Trust Water ETF | 0.40 |
Most inversely correlated with BMI
| Symbol | Company | Correlation |
|---|---|---|
| EFOI | Energy Focus, Inc.ELECTRIC LIGHTING & WIRING EQUIPMENT | -0.48 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| SBB | ProShares Short SmallCap600 | -0.28 |
| SDD | ProShares UltraShort SmallCap600 | -0.28 |
| SIJ | ProShares UltraShort Industrials | -0.27 |
Frequently asked questions about BMI correlations
- Which stocks are most correlated with BMI?
- Based on one year of daily returns, the stocks most correlated with Badger Meter, Inc. (BMI) are XYL (0.46), LZMH (0.45) and BEEZ (0.43). 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 BMI?
- Over the past year, the stocks most inversely correlated with Badger Meter, Inc. (BMI) are EFOI (-0.48), VIXM (-0.29) and SBB (-0.28). 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 BMI correlations calculated?
- We compute the correlation of daily returns between BMI 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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