Brady Corporation (BRC) — Stock Correlations & Overview
Over the past year, BRC has moved most closely with FSCS, OUSM, HSMV. Explore the stocks most correlated and inversely correlated with BRC below, along with its price, financials, and company profile.
Stocks correlated with BRC
Correlation of daily returns. Higher positive values move with BRC; negative values move opposite it. Informational only, not investment advice.
Most correlated with BRC
| Symbol | Company | Correlation |
|---|---|---|
| FSCS | First Trust Exchange-Traded Fund VI First Trust SMID Capital Strength ETF | 0.44 |
| OUSM | ALPS O'Shares U.S. Small-Cap Quality Dividend ETF | 0.43 |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 0.42 |
| TMDV | ProShares Russell US Dividend Growers ETF | 0.41 |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 0.41 |
Most inversely correlated with BRC
| Symbol | Company | Correlation |
|---|---|---|
| SUNE | SUNation Energy, Inc. Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS | -0.44 |
| RBIL | F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | -0.37 |
| SDD | ProShares UltraShort SmallCap600 | -0.31 |
| SBB | ProShares Short SmallCap600 | -0.31 |
| SMN | ProShares UltraShort Materials | -0.31 |
Frequently asked questions about BRC correlations
- Which stocks are most correlated with BRC?
- Based on one year of daily returns, the stocks most correlated with Brady Corporation (BRC) are FSCS (0.44), OUSM (0.43) and HSMV (0.42). 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 BRC?
- Over the past year, the stocks most inversely correlated with Brady Corporation (BRC) are SUNE (-0.44), RBIL (-0.37) and SDD (-0.31). 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 BRC correlations calculated?
- We compute the correlation of daily returns between BRC 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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