Designer Brands Inc. (DBI) — Stock Correlations & Overview
Over the past year, DBI has moved most closely with XRT, RETL, AEO. Explore the stocks most correlated and inversely correlated with DBI below, along with its price, financials, and company profile.
Stocks correlated with DBI
Correlation of daily returns. Higher positive values move with DBI; negative values move opposite it. Informational only, not investment advice.
Most correlated with DBI
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 0.49 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.48 |
| AEO | American Eagle OutfittersRETAIL-FAMILY CLOTHING STORES | 0.48 |
| CAL | Caleres IncFOOTWEAR, (NO RUBBER) | 0.47 |
| DEEP | Acquirers Small and Micro Deep Value ETF | 0.44 |
Most inversely correlated with DBI
| Symbol | Company | Correlation |
|---|---|---|
| SDD | ProShares UltraShort SmallCap600 | -0.40 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.40 |
| SBB | ProShares Short SmallCap600 | -0.39 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.34 |
Frequently asked questions about DBI correlations
- Which stocks are most correlated with DBI?
- Based on one year of daily returns, the stocks most correlated with Designer Brands Inc. (DBI) are XRT (0.49), RETL (0.48) and AEO (0.48). 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 DBI?
- Over the past year, the stocks most inversely correlated with Designer Brands Inc. (DBI) are SDD (-0.40), EMTY (-0.40) and SBB (-0.39). 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 DBI correlations calculated?
- We compute the correlation of daily returns between DBI 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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