Ethan Allen Interiors Inc (ETD) — Stock Correlations & Overview
Over the past year, ETD has moved most closely with PSCD, XRT, RETL. Explore the stocks most correlated and inversely correlated with ETD below, along with its price, financials, and company profile.
Stocks correlated with ETD
Correlation of daily returns. Higher positive values move with ETD; negative values move opposite it. Informational only, not investment advice.
Most correlated with ETD
| Symbol | Company | Correlation |
|---|---|---|
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.59 |
| XRT | State Street SPDR S&P Retail ETF | 0.58 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.58 |
| UPBD | Upbound Group, Inc. Common StockSERVICES-EQUIPMENT RENTAL & LEASING, NEC | 0.57 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.54 |
Most inversely correlated with ETD
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.51 |
| SDD | ProShares UltraShort SmallCap600 | -0.44 |
| SBB | ProShares Short SmallCap600 | -0.44 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.40 |
Frequently asked questions about ETD correlations
- Which stocks are most correlated with ETD?
- Based on one year of daily returns, the stocks most correlated with Ethan Allen Interiors Inc (ETD) are PSCD (0.59), XRT (0.58) and RETL (0.58). 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 ETD?
- Over the past year, the stocks most inversely correlated with Ethan Allen Interiors Inc (ETD) are EMTY (-0.51), SDD (-0.44) and SBB (-0.44). 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 ETD correlations calculated?
- We compute the correlation of daily returns between ETD 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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