Which stocks are most correlated with BW?

Based on one year of daily returns, the stocks most correlated with Babcock & Wilcox Enterprises, Inc. (BW) are BWpA (0.59), HYP (0.55) and MEME (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 BW?

Over the past year, the stocks most inversely correlated with Babcock & Wilcox Enterprises, Inc. (BW) are BTAL (-0.44), HIBS (-0.43) and TSXD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Babcock & Wilcox Enterprises, Inc. (BW) — Stock Correlations & Overview

Over the past year, BW has moved most closely with BWpA, HYP, MEME. Explore the stocks most correlated and inversely correlated with BW below, along with its price, financials, and company profile.

Stocks correlated with BW

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

Most correlated with BW

Symbol	Company	Correlation
BWpA	Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred StockHEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES	0.59
HYP	Golden Eagle Dynamic Hypergrowth ETF	0.55
MEME	Roundhill Meme Stock ETF	0.54
NODE	VanEck Onchain Economy ETF	0.52
SEI	Solaris Energy Infrastructure, Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT	0.51

Most inversely correlated with BW

Symbol	Company	Correlation
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.44
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.43
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.43
SSG	ProShares UltraShort Semiconductors	-0.41
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.41

Frequently asked questions about BW correlations

Which stocks are most correlated with BW?: Based on one year of daily returns, the stocks most correlated with Babcock & Wilcox Enterprises, Inc. (BW) are BWpA (0.59), HYP (0.55) and MEME (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 BW?: Over the past year, the stocks most inversely correlated with Babcock & Wilcox Enterprises, Inc. (BW) are BTAL (-0.44), HIBS (-0.43) and TSXD (-0.43). 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 BW correlations calculated?: We compute the correlation of daily returns between BW 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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