Which stocks are most correlated with FBIN?

Based on one year of daily returns, the stocks most correlated with Fortune Brands Innovations, Inc. (FBIN) are BLDR (0.74), MAS (0.72) and XHB (0.71). 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 FBIN?

Over the past year, the stocks most inversely correlated with Fortune Brands Innovations, Inc. (FBIN) are JETD (-0.57), SBB (-0.56) and SMDD (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

Fortune Brands Innovations, Inc. (FBIN) — Stock Correlations & Overview

Over the past year, FBIN has moved most closely with BLDR, MAS, XHB. Explore the stocks most correlated and inversely correlated with FBIN below, along with its price, financials, and company profile.

Stocks correlated with FBIN

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

Most correlated with FBIN

Symbol	Company	Correlation
BLDR	Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS	0.74
MAS	Masco CorporationHEATING EQUIP, EXCEPT ELEC & WARM AIR; & PLUMBING FIXTURES	0.72
XHB	State Street SPDR S&P Homebuilders ETF	0.71
ITB	iShares U.S. Home Construction ETF	0.71
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.71

Most inversely correlated with FBIN

Symbol	Company	Correlation
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.57
SBB	ProShares Short SmallCap600	-0.56
SMDD	ProShares UltraPro Short MidCap400	-0.55
SIJ	ProShares UltraShort Industrials	-0.55
MYY	ProShares Short MidCap400	-0.55

Frequently asked questions about FBIN correlations

Which stocks are most correlated with FBIN?: Based on one year of daily returns, the stocks most correlated with Fortune Brands Innovations, Inc. (FBIN) are BLDR (0.74), MAS (0.72) and XHB (0.71). 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 FBIN?: Over the past year, the stocks most inversely correlated with Fortune Brands Innovations, Inc. (FBIN) are JETD (-0.57), SBB (-0.56) and SMDD (-0.55). 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 FBIN correlations calculated?: We compute the correlation of daily returns between FBIN 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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