The Honest Company, Inc. Common Stock (HNST) — Stock Correlations & Overview
Over the past year, HNST has moved most closely with VAC, ASPN, ELF. Explore the stocks most correlated and inversely correlated with HNST below, along with its price, financials, and company profile.
Stocks correlated with HNST
Correlation of daily returns. Higher positive values move with HNST; negative values move opposite it. Informational only, not investment advice.
Most correlated with HNST
| Symbol | Company | Correlation |
|---|---|---|
| VAC | MARRIOTT VACATIONS WORLDWIDE CORPORATIONREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | 0.60 |
| ASPN | Aspen Aerogels, Inc.WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS | 0.56 |
| ELF | e.l.f. Beauty, Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | 0.56 |
| FTDR | Frontdoor, Inc. Common StockSERVICES-TO DWELLINGS & OTHER BUILDINGS | 0.54 |
| MGNI | Magnite, Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.50 |
Most inversely correlated with HNST
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.31 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.30 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.30 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.28 |
Frequently asked questions about HNST correlations
- Which stocks are most correlated with HNST?
- Based on one year of daily returns, the stocks most correlated with The Honest Company, Inc. Common Stock (HNST) are VAC (0.60), ASPN (0.56) and ELF (0.56). 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 HNST?
- Over the past year, the stocks most inversely correlated with The Honest Company, Inc. Common Stock (HNST) are HDGE (-0.36), FLYD (-0.31) and CARD (-0.30). 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 HNST correlations calculated?
- We compute the correlation of daily returns between HNST 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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