Which stocks are most correlated with CCU?

Based on one year of daily returns, the stocks most correlated with Compania Cervecerias Unidas S.A. (CCU) are ECH (0.70), OTGL (0.66) and ENIC (0.64). 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 CCU?

Over the past year, the stocks most inversely correlated with Compania Cervecerias Unidas S.A. (CCU) are EPV (-0.56), EFU (-0.54) and EFZ (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

Compania Cervecerias Unidas S.A. (CCU) — Stock Correlations & Overview

Over the past year, CCU has moved most closely with ECH, OTGL, ENIC. Explore the stocks most correlated and inversely correlated with CCU below, along with its price, financials, and company profile.

Stocks correlated with CCU

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

Most correlated with CCU

Symbol	Company	Correlation
ECH	iShares MSCI Chile ETF	0.70
OTGL	OTG Latin America ETF	0.66
ENIC	Enel Chile S.A. American Depositary Shares Representing Common Stock (Each representing 50 shares of Common Stock)	0.64
BSAC	Banco Santander-Chile	0.62
BCH	Banco de ChileAmerican Depositary Shares (Each representing 200 shares of Common Stock)	0.61

Most inversely correlated with CCU

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.56
EFU	ProShares Trust UltraShort MSCI EAFE	-0.54
EFZ	ProShares Trust Short MSCI EAFE	-0.53
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.52
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.48

Frequently asked questions about CCU correlations

Which stocks are most correlated with CCU?: Based on one year of daily returns, the stocks most correlated with Compania Cervecerias Unidas S.A. (CCU) are ECH (0.70), OTGL (0.66) and ENIC (0.64). 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 CCU?: Over the past year, the stocks most inversely correlated with Compania Cervecerias Unidas S.A. (CCU) are EPV (-0.56), EFU (-0.54) and EFZ (-0.53). 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 CCU correlations calculated?: We compute the correlation of daily returns between CCU 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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