CDW Corporation (CDW) — Stock Correlations & Overview
Over the past year, CDW has moved most closely with ANGI, KVYO, NICE. Explore the stocks most correlated and inversely correlated with CDW below, along with its price, financials, and company profile.
Stocks correlated with CDW
Correlation of daily returns. Higher positive values move with CDW; negative values move opposite it. Informational only, not investment advice.
Most correlated with CDW
| Symbol | Company | Correlation |
|---|---|---|
| ANGI | Angi Inc. Class A Common StockSERVICES-ADVERTISING | 0.56 |
| KVYO | Klaviyo, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.51 |
| NICE | NICE Ltd | 0.51 |
| CRTO | Criteo S.A. Ordinary SharesSERVICES-ADVERTISING AGENCIES | 0.49 |
| HCKT | Hackett Group Inc (The).SERVICES-MANAGEMENT CONSULTING SERVICES | 0.48 |
Most inversely correlated with CDW
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.38 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.36 |
| OCS | Oculis Holding AG Ordinary shares | -0.29 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
Frequently asked questions about CDW correlations
- Which stocks are most correlated with CDW?
- Based on one year of daily returns, the stocks most correlated with CDW Corporation (CDW) are ANGI (0.56), KVYO (0.51) and NICE (0.51). 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 CDW?
- Over the past year, the stocks most inversely correlated with CDW Corporation (CDW) are HDGE (-0.39), DWSH (-0.38) and WEBS (-0.36). 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 CDW correlations calculated?
- We compute the correlation of daily returns between CDW 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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