Which stocks are most correlated with IMKTA?

Based on one year of daily returns, the stocks most correlated with Ingles Markets Inc (IMKTA) are WMK (0.67), PBJ (0.54) and FSTA (0.47). 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 IMKTA?

Over the past year, the stocks most inversely correlated with Ingles Markets Inc (IMKTA) are EMTY (-0.48), SZK (-0.45) and SKRE (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Ingles Markets Inc (IMKTA) — Stock Correlations & Overview

Over the past year, IMKTA has moved most closely with WMK, PBJ, FSTA. Explore the stocks most correlated and inversely correlated with IMKTA below, along with its price, financials, and company profile.

Stocks correlated with IMKTA

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

Most correlated with IMKTA

Symbol	Company	Correlation
WMK	Weis Markets, Inc.RETAIL-GROCERY STORES	0.67
PBJ	Invesco Food & Beverage ETF	0.54
FSTA	Fidelity MSCI Consumer Staples Index ETF	0.47
VDC	Vanguard Consumer Staples ETF	0.46
KXI	iShares Global Consumer Staples ETF	0.46

Most inversely correlated with IMKTA

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.48
SZK	ProShares UltraShort Consumer Staples	-0.45
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.28
SBB	ProShares Short SmallCap600	-0.27
SDD	ProShares UltraShort SmallCap600	-0.27

Frequently asked questions about IMKTA correlations

Which stocks are most correlated with IMKTA?: Based on one year of daily returns, the stocks most correlated with Ingles Markets Inc (IMKTA) are WMK (0.67), PBJ (0.54) and FSTA (0.47). 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 IMKTA?: Over the past year, the stocks most inversely correlated with Ingles Markets Inc (IMKTA) are EMTY (-0.48), SZK (-0.45) and SKRE (-0.28). 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 IMKTA correlations calculated?: We compute the correlation of daily returns between IMKTA 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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