Which stocks are most correlated with FELE?

Based on one year of daily returns, the stocks most correlated with Franklin Electric Co Inc (FELE) are FIW (0.66), AQWA (0.64) and PHO (0.62). 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 FELE?

Over the past year, the stocks most inversely correlated with Franklin Electric Co Inc (FELE) are SBB (-0.52), SDD (-0.52) and SIJ (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Franklin Electric Co Inc (FELE) — Stock Correlations & Overview

Over the past year, FELE has moved most closely with FIW, AQWA, PHO. Explore the stocks most correlated and inversely correlated with FELE below, along with its price, financials, and company profile.

Stocks correlated with FELE

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

Most correlated with FELE

Symbol	Company	Correlation
FIW	First Trust Water ETF	0.66
AQWA	Global X Clean Water ETF	0.64
PHO	Invesco Water Resources ETF	0.62
ALLE	Allegion Public Limited CompanySERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES	0.62
OUSM	ALPS O'Shares U.S. Small-Cap Quality Dividend ETF	0.61

Most inversely correlated with FELE

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.52
SDD	ProShares UltraShort SmallCap600	-0.52
SIJ	ProShares UltraShort Industrials	-0.51
SMDD	ProShares UltraPro Short MidCap400	-0.50
MYY	ProShares Short MidCap400	-0.50

Frequently asked questions about FELE correlations

Which stocks are most correlated with FELE?: Based on one year of daily returns, the stocks most correlated with Franklin Electric Co Inc (FELE) are FIW (0.66), AQWA (0.64) and PHO (0.62). 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 FELE?: Over the past year, the stocks most inversely correlated with Franklin Electric Co Inc (FELE) are SBB (-0.52), SDD (-0.52) and SIJ (-0.51). 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 FELE correlations calculated?: We compute the correlation of daily returns between FELE 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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