Which stocks are most correlated with FDSB?

Based on one year of daily returns, the stocks most correlated with Fifth District Bancorp, Inc. Common Stock (FDSB) are XRT (0.31), RETL (0.30) and FOSL (0.29). 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 FDSB?

Over the past year, the stocks most inversely correlated with Fifth District Bancorp, Inc. Common Stock (FDSB) are EMTY (-0.28), HDGE (-0.24) and SKRE (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Fifth District Bancorp, Inc. Common Stock (FDSB) — Stock Correlations & Overview

Over the past year, FDSB has moved most closely with XRT, RETL, FOSL. Explore the stocks most correlated and inversely correlated with FDSB below, along with its price, financials, and company profile.

Stocks correlated with FDSB

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

Most correlated with FDSB

Symbol	Company	Correlation
XRT	State Street SPDR S&P Retail ETF	0.31
RETL	Direxion Daily Retail Bull 3X ETF	0.30
FOSL	Fossil Group, Inc.WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS	0.29
COF	Capital One FinancialNATIONAL COMMERCIAL BANKS	0.29
BANCpF	Banc of California, Inc. Depositary Shares, each representing a 1/40th interest in a share of 7.75% non- cumulative perpetual preferred stock, Series FNATIONAL COMMERCIAL BANKS	0.29

Most inversely correlated with FDSB

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.28
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.24
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.24
SKF	ProShares UltraShort Financials	-0.22
FAZ	Direxion Daily Financial Bear 3x ETF	-0.22

Frequently asked questions about FDSB correlations

Which stocks are most correlated with FDSB?: Based on one year of daily returns, the stocks most correlated with Fifth District Bancorp, Inc. Common Stock (FDSB) are XRT (0.31), RETL (0.30) and FOSL (0.29). 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 FDSB?: Over the past year, the stocks most inversely correlated with Fifth District Bancorp, Inc. Common Stock (FDSB) are EMTY (-0.28), HDGE (-0.24) and SKRE (-0.24). 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 FDSB correlations calculated?: We compute the correlation of daily returns between FDSB 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.