Which stocks are most correlated with HBB?

Based on one year of daily returns, the stocks most correlated with Hamilton Beach Brands Holding Company Class A Common Stock (HBB) are AVNT (0.52), JPSV (0.50) and FDM (0.50). 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 HBB?

Over the past year, the stocks most inversely correlated with Hamilton Beach Brands Holding Company Class A Common Stock (HBB) are SDD (-0.43), SBB (-0.42) and EMTY (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Hamilton Beach Brands Holding Company Class A Common Stock (HBB) — Stock Correlations & Overview

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

Stocks correlated with HBB

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

Most correlated with HBB

Symbol	Company	Correlation
AVNT	Avient CorporationPLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS	0.52
JPSV	JPMorgan Active Small Cap Value ETF	0.50
FDM	First Trust Dow Jones Select MicroCap Index Fund	0.50
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.50
DEEP	Acquirers Small and Micro Deep Value ETF	0.50

Most inversely correlated with HBB

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.43
SBB	ProShares Short SmallCap600	-0.42
EMTY	ProShares Decline of the Retail Store ETF	-0.41
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.41
SCC	ProShares UltraShort Consumer Discretionary	-0.40

Frequently asked questions about HBB correlations

Which stocks are most correlated with HBB?: Based on one year of daily returns, the stocks most correlated with Hamilton Beach Brands Holding Company Class A Common Stock (HBB) are AVNT (0.52), JPSV (0.50) and FDM (0.50). 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 HBB?: Over the past year, the stocks most inversely correlated with Hamilton Beach Brands Holding Company Class A Common Stock (HBB) are SDD (-0.43), SBB (-0.42) and EMTY (-0.41). 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 HBB correlations calculated?: We compute the correlation of daily returns between HBB 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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