Which stocks are most correlated with CHE?

Based on one year of daily returns, the stocks most correlated with Chemed Corporation (CHE) are UHS (0.44), THRY (0.43) and ERII (0.42). 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 CHE?

Over the past year, the stocks most inversely correlated with Chemed Corporation (CHE) are IONQ.WS (-0.31), IONQ (-0.31) and IONL (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Chemed Corporation (CHE) — Stock Correlations & Overview

Over the past year, CHE has moved most closely with UHS, THRY, ERII. Explore the stocks most correlated and inversely correlated with CHE below, along with its price, financials, and company profile.

Stocks correlated with CHE

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

Most correlated with CHE

Symbol	Company	Correlation
UHS	Universal Health Services, Inc. Class BSERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC	0.44
THRY	Thryv Holdings, Inc. Common StockSERVICES-ADVERTISING	0.43
ERII	Energy Recovery, Inc.SPECIAL INDUSTRY MACHINERY, NEC	0.42
ADUS	Addus HomeCare Corp.SERVICES-HOME HEALTH CARE SERVICES	0.38
DCI	Donaldson Company, Inc.INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP	0.38

Most inversely correlated with CHE

Symbol	Company	Correlation
IONQ.WS	IonQ, Inc. Redeemable warrants, each whole warrant exercisable for one share of Common Stock, each at an exercise price of $11.50 per shareSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	-0.31
IONQ	IonQ, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	-0.31
IONL	GraniteShares 2x Long IONQ Daily ETF	-0.30
IONX	Defiance Daily Target 2X Long IONQ ETF	-0.30
EFXT	Enerflex Ltd.	-0.30

Frequently asked questions about CHE correlations

Which stocks are most correlated with CHE?: Based on one year of daily returns, the stocks most correlated with Chemed Corporation (CHE) are UHS (0.44), THRY (0.43) and ERII (0.42). 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 CHE?: Over the past year, the stocks most inversely correlated with Chemed Corporation (CHE) are IONQ.WS (-0.31), IONQ (-0.31) and IONL (-0.30). 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 CHE correlations calculated?: We compute the correlation of daily returns between CHE 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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