Which stocks are most correlated with EMN?

Based on one year of daily returns, the stocks most correlated with Eastman Chemical Company (EMN) are RSPM (0.70), PSCM (0.69) and XLB (0.66). 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 EMN?

Over the past year, the stocks most inversely correlated with Eastman Chemical Company (EMN) are SMN (-0.64), MZZ (-0.53) and SDD (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

Eastman Chemical Company (EMN) — Stock Correlations & Overview

Over the past year, EMN has moved most closely with RSPM, PSCM, XLB. Explore the stocks most correlated and inversely correlated with EMN below, along with its price, financials, and company profile.

Stocks correlated with EMN

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

Most correlated with EMN

Symbol	Company	Correlation
RSPM	Invesco S&P 500 Equal Weight Materials ETF	0.70
PSCM	Invesco S&P SmallCap Materials ETFINVESTMENT ADVICE	0.69
XLB	State Street Materials Select Sector SPDR ETF	0.66
UYM	ProShares Ultra Materials	0.66
CE	Celanese Corporation Common StockPLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS)	0.64

Most inversely correlated with EMN

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.64
MZZ	ProShares UltraShort MidCap400	-0.53
SDD	ProShares UltraShort SmallCap600	-0.53
SBB	ProShares Short SmallCap600	-0.53
SMDD	ProShares UltraPro Short MidCap400	-0.53

Frequently asked questions about EMN correlations

Which stocks are most correlated with EMN?: Based on one year of daily returns, the stocks most correlated with Eastman Chemical Company (EMN) are RSPM (0.70), PSCM (0.69) and XLB (0.66). 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 EMN?: Over the past year, the stocks most inversely correlated with Eastman Chemical Company (EMN) are SMN (-0.64), MZZ (-0.53) and SDD (-0.53). 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 EMN correlations calculated?: We compute the correlation of daily returns between EMN 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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