Which stocks are most correlated with BWMX?

Based on one year of daily returns, the stocks most correlated with Betterware de Mexico, S.A.P.I. de C.V. (BWMX) are CRVS (0.34), IWMY (0.33) and CWH (0.33). 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 BWMX?

Over the past year, the stocks most inversely correlated with Betterware de Mexico, S.A.P.I. de C.V. (BWMX) are SDD (-0.31), TWM (-0.31) and RWM (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Betterware de Mexico, S.A.P.I. de C.V. (BWMX) — Stock Correlations & Overview

Over the past year, BWMX has moved most closely with CRVS, IWMY, CWH. Explore the stocks most correlated and inversely correlated with BWMX below, along with its price, financials, and company profile.

Stocks correlated with BWMX

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

Most correlated with BWMX

Symbol	Company	Correlation
CRVS	Corvus Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS	0.34
IWMY	Defiance R2000 Weekly Distribution ETF	0.33
CWH	Camping World Holdings, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS	0.33
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.32
FYX	First Trust Small Cap Core AlphaDEX Fund	0.32

Most inversely correlated with BWMX

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.31
TWM	ProShares UltraShort Russell2000	-0.31
RWM	ProShares Short Russell2000	-0.31
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.31
SBB	ProShares Short SmallCap600	-0.31

Frequently asked questions about BWMX correlations

Which stocks are most correlated with BWMX?: Based on one year of daily returns, the stocks most correlated with Betterware de Mexico, S.A.P.I. de C.V. (BWMX) are CRVS (0.34), IWMY (0.33) and CWH (0.33). 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 BWMX?: Over the past year, the stocks most inversely correlated with Betterware de Mexico, S.A.P.I. de C.V. (BWMX) are SDD (-0.31), TWM (-0.31) and RWM (-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 BWMX correlations calculated?: We compute the correlation of daily returns between BWMX 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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