Which stocks are most correlated with FRD?

Based on one year of daily returns, the stocks most correlated with Friedman Industries Inc. Common Stock (FRD) are PKOH (0.42), MTW (0.39) and FDM (0.37). 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 FRD?

Over the past year, the stocks most inversely correlated with Friedman Industries Inc. Common Stock (FRD) are SDD (-0.33), SBB (-0.33) and CPOP (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Friedman Industries Inc. Common Stock (FRD) — Stock Correlations & Overview

Over the past year, FRD has moved most closely with PKOH, MTW, FDM. Explore the stocks most correlated and inversely correlated with FRD below, along with its price, financials, and company profile.

Stocks correlated with FRD

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

Most correlated with FRD

Symbol	Company	Correlation
PKOH	Park-Ohio Holdings CorpMETAL FORGINGS & STAMPINGS	0.42
MTW	The Manitowoc Company, Inc.CONSTRUCTION MACHINERY & EQUIP	0.39
FDM	First Trust Dow Jones Select MicroCap Index Fund	0.37
OPBK	OP Bancorp Common StockSTATE COMMERCIAL BANKS	0.36
DEEP	Acquirers Small and Micro Deep Value ETF	0.35

Most inversely correlated with FRD

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.33
SBB	ProShares Short SmallCap600	-0.33
CPOP	Pop Culture Group Co., Ltd Class A Ordinary Shares	-0.32
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.31
RWM	ProShares Short Russell2000	-0.31

Frequently asked questions about FRD correlations

Which stocks are most correlated with FRD?: Based on one year of daily returns, the stocks most correlated with Friedman Industries Inc. Common Stock (FRD) are PKOH (0.42), MTW (0.39) and FDM (0.37). 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 FRD?: Over the past year, the stocks most inversely correlated with Friedman Industries Inc. Common Stock (FRD) are SDD (-0.33), SBB (-0.33) and CPOP (-0.32). 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 FRD correlations calculated?: We compute the correlation of daily returns between FRD 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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