Clearwater Paper Corporation (CLW) — Stock Correlations & Overview
Over the past year, CLW has moved most closely with XSHD, PSCD, FXD. Explore the stocks most correlated and inversely correlated with CLW below, along with its price, financials, and company profile.
Stocks correlated with CLW
Correlation of daily returns. Higher positive values move with CLW; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLW
| Symbol | Company | Correlation |
|---|---|---|
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETFINVESTMENT ADVICE | 0.52 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.51 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.51 |
| GEHC | GE HealthCare Technologies Inc. Common StockX-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS | 0.51 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.50 |
Most inversely correlated with CLW
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.46 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.44 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.43 |
| SMN | ProShares UltraShort Materials | -0.42 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.41 |
Frequently asked questions about CLW correlations
- Which stocks are most correlated with CLW?
- Based on one year of daily returns, the stocks most correlated with Clearwater Paper Corporation (CLW) are XSHD (0.52), PSCD (0.51) and FXD (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 CLW?
- Over the past year, the stocks most inversely correlated with Clearwater Paper Corporation (CLW) are EMTY (-0.46), HDGE (-0.44) and DWSH (-0.43). 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 CLW correlations calculated?
- We compute the correlation of daily returns between CLW 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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