Which stocks are most correlated with FHN?

Based on one year of daily returns, the stocks most correlated with First Horizon Corporation (FHN) are IAT (0.83), KRE (0.82) and DPST (0.82). 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 FHN?

Over the past year, the stocks most inversely correlated with First Horizon Corporation (FHN) are SKRE (-0.82), BNKD (-0.62) and SEF (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

First Horizon Corporation (FHN) — Stock Correlations & Overview

Over the past year, FHN has moved most closely with IAT, KRE, DPST. Explore the stocks most correlated and inversely correlated with FHN below, along with its price, financials, and company profile.

Stocks correlated with FHN

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

Most correlated with FHN

Symbol	Company	Correlation
IAT	iShares U.S. Regional Banks ETF	0.83
KRE	State Street SPDR S&P Regional Banking ETF	0.82
DPST	Direxion Daily Regional Banks Bull 3X ETF	0.82
HWC	Hancock Whitney Corporation Common StockSTATE COMMERCIAL BANKS	0.81
KBE	State Street SPDR S&P Bank ETF	0.81

Most inversely correlated with FHN

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.82
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.62
SEF	ProShares Short Financials	-0.59
FAZ	Direxion Daily Financial Bear 3x ETF	-0.58
SKF	ProShares UltraShort Financials	-0.58

Frequently asked questions about FHN correlations

Which stocks are most correlated with FHN?: Based on one year of daily returns, the stocks most correlated with First Horizon Corporation (FHN) are IAT (0.83), KRE (0.82) and DPST (0.82). 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 FHN?: Over the past year, the stocks most inversely correlated with First Horizon Corporation (FHN) are SKRE (-0.82), BNKD (-0.62) and SEF (-0.59). 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 FHN correlations calculated?: We compute the correlation of daily returns between FHN 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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