Which stocks are most correlated with BTSG?

Based on one year of daily returns, the stocks most correlated with BrightSpring Health Services, Inc. Common Stock (BTSG) are BTSGU (0.94), MTZ (0.51) and FPX (0.47). 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 BTSG?

Over the past year, the stocks most inversely correlated with BrightSpring Health Services, Inc. Common Stock (BTSG) are HIBS (-0.43), MZZ (-0.43) and MYY (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

BrightSpring Health Services, Inc. Common Stock (BTSG) — Stock Correlations & Overview

Over the past year, BTSG has moved most closely with BTSGU, MTZ, FPX. Explore the stocks most correlated and inversely correlated with BTSG below, along with its price, financials, and company profile.

Stocks correlated with BTSG

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

Most correlated with BTSG

Symbol	Company	Correlation
BTSGU	BrightSpring Health Services, Inc. Tangible Equity UnitSERVICES-HOME HEALTH CARE SERVICES	0.94
MTZ	MasTec, Inc.WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION	0.51
FPX	First Trust US Equity Opportunities ETF	0.47
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	0.46
IJK	iShares S&P Mid-Cap 400 Growth ETF	0.46

Most inversely correlated with BTSG

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.43
MZZ	ProShares UltraShort MidCap400	-0.43
MYY	ProShares Short MidCap400	-0.42
SMDD	ProShares UltraPro Short MidCap400	-0.42
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.41

Frequently asked questions about BTSG correlations

Which stocks are most correlated with BTSG?: Based on one year of daily returns, the stocks most correlated with BrightSpring Health Services, Inc. Common Stock (BTSG) are BTSGU (0.94), MTZ (0.51) and FPX (0.47). 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 BTSG?: Over the past year, the stocks most inversely correlated with BrightSpring Health Services, Inc. Common Stock (BTSG) are HIBS (-0.43), MZZ (-0.43) and MYY (-0.42). 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 BTSG correlations calculated?: We compute the correlation of daily returns between BTSG 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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