Which stocks are most correlated with DNOW?

Based on one year of daily returns, the stocks most correlated with DNOW Inc. (DNOW) are MTUS (0.56), GRAL (0.47) and DGLO (0.46). 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 DNOW?

Over the past year, the stocks most inversely correlated with DNOW Inc. (DNOW) are SBB (-0.38), SDD (-0.38) and TZA (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

DNOW Inc. (DNOW) — Stock Correlations & Overview

Over the past year, DNOW has moved most closely with MTUS, GRAL, DGLO. Explore the stocks most correlated and inversely correlated with DNOW below, along with its price, financials, and company profile.

Stocks correlated with DNOW

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

Most correlated with DNOW

Symbol	Company	Correlation
MTUS	Metallus Inc.STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.56
GRAL	GRAIL, Inc. Common StockSERVICES-MEDICAL LABORATORIES	0.47
DGLO	First Trust RBA Deglobalization ETF	0.46
OLED	Universal Display CorpELECTRONIC COMPONENTS & ACCESSORIES	0.44
VAMO	Cambria Value and Momentum ETF	0.43

Most inversely correlated with DNOW

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.38
SDD	ProShares UltraShort SmallCap600	-0.38
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.36
TWM	ProShares UltraShort Russell2000	-0.35
MYY	ProShares Short MidCap400	-0.35

Frequently asked questions about DNOW correlations

Which stocks are most correlated with DNOW?: Based on one year of daily returns, the stocks most correlated with DNOW Inc. (DNOW) are MTUS (0.56), GRAL (0.47) and DGLO (0.46). 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 DNOW?: Over the past year, the stocks most inversely correlated with DNOW Inc. (DNOW) are SBB (-0.38), SDD (-0.38) and TZA (-0.36). 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 DNOW correlations calculated?: We compute the correlation of daily returns between DNOW 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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