Which stocks are most correlated with BSET?

Based on one year of daily returns, the stocks most correlated with Bassett Furniture Industries I (BSET) are SAFE (0.42), SMLV (0.40) and SMDV (0.40). 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 BSET?

Over the past year, the stocks most inversely correlated with Bassett Furniture Industries I (BSET) are EMTY (-0.33), SBB (-0.30) and HDGE (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Bassett Furniture Industries I (BSET) — Stock Correlations & Overview

Over the past year, BSET has moved most closely with SAFE, SMLV, SMDV. Explore the stocks most correlated and inversely correlated with BSET below, along with its price, financials, and company profile.

Stocks correlated with BSET

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

Most correlated with BSET

Symbol	Company	Correlation
SAFE	Safehold Inc.REAL ESTATE INVESTMENT TRUSTS	0.42
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.40
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.40
SIXS	ETC 6 Meridian Small Cap Equity ETF	0.39
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETFINVESTMENT ADVICE	0.39

Most inversely correlated with BSET

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.33
SBB	ProShares Short SmallCap600	-0.30
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.29
SDD	ProShares UltraShort SmallCap600	-0.29
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.28

Frequently asked questions about BSET correlations

Which stocks are most correlated with BSET?: Based on one year of daily returns, the stocks most correlated with Bassett Furniture Industries I (BSET) are SAFE (0.42), SMLV (0.40) and SMDV (0.40). 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 BSET?: Over the past year, the stocks most inversely correlated with Bassett Furniture Industries I (BSET) are EMTY (-0.33), SBB (-0.30) and HDGE (-0.29). 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 BSET correlations calculated?: We compute the correlation of daily returns between BSET 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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