Which stocks are most correlated with CSW?

Based on one year of daily returns, the stocks most correlated with CSW Industrials, Inc. (CSW) are FXR (0.64), PSCI (0.63) and PAVE (0.63). 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 CSW?

Over the past year, the stocks most inversely correlated with CSW Industrials, Inc. (CSW) are SIJ (-0.58), SBB (-0.56) and SMDD (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

CSW Industrials, Inc. (CSW) — Stock Correlations & Overview

Over the past year, CSW has moved most closely with FXR, PSCI, PAVE. Explore the stocks most correlated and inversely correlated with CSW below, along with its price, financials, and company profile.

Stocks correlated with CSW

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

Most correlated with CSW

Symbol	Company	Correlation
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.64
PSCI	Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE	0.63
PAVE	Global X U.S. Infrastructure Development ETF	0.63
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.61
ALIL	Argent Focused Small Cap ETF	0.61

Most inversely correlated with CSW

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.58
SBB	ProShares Short SmallCap600	-0.56
SMDD	ProShares UltraPro Short MidCap400	-0.56
MYY	ProShares Short MidCap400	-0.56
SDD	ProShares UltraShort SmallCap600	-0.56

Frequently asked questions about CSW correlations

Which stocks are most correlated with CSW?: Based on one year of daily returns, the stocks most correlated with CSW Industrials, Inc. (CSW) are FXR (0.64), PSCI (0.63) and PAVE (0.63). 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 CSW?: Over the past year, the stocks most inversely correlated with CSW Industrials, Inc. (CSW) are SIJ (-0.58), SBB (-0.56) and SMDD (-0.56). 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 CSW correlations calculated?: We compute the correlation of daily returns between CSW 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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