Which stocks are most correlated with DTW?

Based on one year of daily returns, the stocks most correlated with DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 (DTW) are DTG (0.71), CMSD (0.69) and PFH (0.67). 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 DTW?

Over the past year, the stocks most inversely correlated with DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 (DTW) are RWM (-0.41), SRTY (-0.40) and TWM (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 (DTW) — Stock Correlations & Overview

Over the past year, DTW has moved most closely with DTG, CMSD, PFH. Explore the stocks most correlated and inversely correlated with DTW below, along with its price, financials, and company profile.

Stocks correlated with DTW

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

Most correlated with DTW

Symbol	Company	Correlation
DTG	DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES	0.71
CMSD	CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079ELECTRIC & OTHER SERVICES COMBINED	0.69
PFH	Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060LIFE INSURANCE	0.67
SCHWpJ	The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.66
PRH	Prudential Financial, Inc. 5.950% Junior Subordinated Notes due 2062LIFE INSURANCE	0.65

Most inversely correlated with DTW

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.41
SRTY	ProShares UltraPro Short Russell2000	-0.40
TWM	ProShares UltraShort Russell2000	-0.40
EPV	ProShares UltraShort FTSE Europe	-0.40
SPXU	ProShares UltraPro Short S&P 500	-0.40

Frequently asked questions about DTW correlations

Which stocks are most correlated with DTW?: Based on one year of daily returns, the stocks most correlated with DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 (DTW) are DTG (0.71), CMSD (0.69) and PFH (0.67). 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 DTW?: Over the past year, the stocks most inversely correlated with DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 (DTW) are RWM (-0.41), SRTY (-0.40) and TWM (-0.40). 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 DTW correlations calculated?: We compute the correlation of daily returns between DTW 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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