Donaldson Company, Inc. (DCI) — Stock Correlations & Overview
Over the past year, DCI has moved most closely with SCDV, PAVE, LOPP. Explore the stocks most correlated and inversely correlated with DCI below, along with its price, financials, and company profile.
Stocks correlated with DCI
Correlation of daily returns. Higher positive values move with DCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with DCI
| Symbol | Company | Correlation |
|---|---|---|
| SCDV | Bahl & Gaynor Small Cap Dividend ETF | 0.65 |
| PAVE | Global X U.S. Infrastructure Development ETF | 0.63 |
| LOPP | Gabelli Love Our Planet & People ETF | 0.63 |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 0.62 |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 0.62 |
Frequently asked questions about DCI correlations
- Which stocks are most correlated with DCI?
- Based on one year of daily returns, the stocks most correlated with Donaldson Company, Inc. (DCI) are SCDV (0.65), PAVE (0.63) and LOPP (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 DCI?
- Over the past year, the stocks most inversely correlated with Donaldson Company, Inc. (DCI) are SIJ (-0.60), SMDD (-0.59) and MZZ (-0.59). 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 DCI correlations calculated?
- We compute the correlation of daily returns between DCI 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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