Caleres Inc (CAL) — Stock Correlations & Overview
Over the past year, CAL has moved most closely with RETL, XRT, DEEP. Explore the stocks most correlated and inversely correlated with CAL below, along with its price, financials, and company profile.
Stocks correlated with CAL
Correlation of daily returns. Higher positive values move with CAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with CAL
| Symbol | Company | Correlation |
|---|---|---|
| RETL | Direxion Daily Retail Bull 3X ETF | 0.73 |
| XRT | State Street SPDR S&P Retail ETF | 0.72 |
| DEEP | Acquirers Small and Micro Deep Value ETF | 0.68 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.66 |
| RWJ | Invesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE | 0.64 |
Most inversely correlated with CAL
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.61 |
| SBB | ProShares Short SmallCap600 | -0.58 |
| SDD | ProShares UltraShort SmallCap600 | -0.58 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.53 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.52 |
Frequently asked questions about CAL correlations
- Which stocks are most correlated with CAL?
- Based on one year of daily returns, the stocks most correlated with Caleres Inc (CAL) are RETL (0.73), XRT (0.72) and DEEP (0.68). 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 CAL?
- Over the past year, the stocks most inversely correlated with Caleres Inc (CAL) are EMTY (-0.61), SBB (-0.58) and SDD (-0.58). 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 CAL correlations calculated?
- We compute the correlation of daily returns between CAL 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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