CATO CORP (CATO) — Stock Correlations & Overview
Over the past year, CATO has moved most closely with AAP, LGHT, FLAG. Explore the stocks most correlated and inversely correlated with CATO below, along with its price, financials, and company profile.
Stocks correlated with CATO
Correlation of daily returns. Higher positive values move with CATO; negative values move opposite it. Informational only, not investment advice.
Most correlated with CATO
| Symbol | Company | Correlation |
|---|---|---|
| AAP | ADVANCE AUTO PARTS INCRETAIL-AUTO & HOME SUPPLY STORES | 0.36 |
| LGHT | Langar Global HealthTech ETF | 0.31 |
| FLAG | Global X S&P 500 U.S. Market Leaders Top 50 ETF | 0.31 |
| ZIG | The Acquirers Fund | 0.27 |
| IYC | iShares U.S. Consumer Discretionary ETF | 0.27 |
Most inversely correlated with CATO
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | -0.25 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.24 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.23 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
Frequently asked questions about CATO correlations
- Which stocks are most correlated with CATO?
- Based on one year of daily returns, the stocks most correlated with CATO CORP (CATO) are AAP (0.36), LGHT (0.31) and FLAG (0.31). 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 CATO?
- Over the past year, the stocks most inversely correlated with CATO CORP (CATO) are SCC (-0.25), EMTY (-0.24) and UVXY (-0.23). 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 CATO correlations calculated?
- We compute the correlation of daily returns between CATO 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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