Which stocks are most correlated with CMP?

Based on one year of daily returns, the stocks most correlated with Compass Minerals International, Inc. (CMP) are PICK (0.55), XME (0.54) and PYZ (0.54). 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 CMP?

Over the past year, the stocks most inversely correlated with Compass Minerals International, Inc. (CMP) are SMN (-0.48), RWM (-0.45) and TZA (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Compass Minerals International, Inc. (CMP) — Stock Correlations & Overview

Over the past year, CMP has moved most closely with PICK, XME, PYZ. Explore the stocks most correlated and inversely correlated with CMP below, along with its price, financials, and company profile.

Stocks correlated with CMP

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

Most correlated with CMP

Symbol	Company	Correlation
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.55
XME	State Street SPDR S&P Metals & Mining ETF	0.54
PYZ	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF	0.54
SETM	Sprott Funds Trust Sprott Critical Materials ETF	0.54
COPP	Sprott Copper Miners ETF	0.53

Most inversely correlated with CMP

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.48
RWM	ProShares Short Russell2000	-0.45
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.45
TWM	ProShares UltraShort Russell2000	-0.44
SRTY	ProShares UltraPro Short Russell2000	-0.44

Frequently asked questions about CMP correlations

Which stocks are most correlated with CMP?: Based on one year of daily returns, the stocks most correlated with Compass Minerals International, Inc. (CMP) are PICK (0.55), XME (0.54) and PYZ (0.54). 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 CMP?: Over the past year, the stocks most inversely correlated with Compass Minerals International, Inc. (CMP) are SMN (-0.48), RWM (-0.45) and TZA (-0.45). 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 CMP correlations calculated?: We compute the correlation of daily returns between CMP 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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