Which stocks are most correlated with IP?

Based on one year of daily returns, the stocks most correlated with International Paper Co. (IP) are SW (0.80), PKG (0.73) and CUT (0.72). 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 IP?

Over the past year, the stocks most inversely correlated with International Paper Co. (IP) are SMN (-0.60), JETD (-0.56) and MZZ (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

International Paper Co. (IP) — Stock Correlations & Overview

Over the past year, IP has moved most closely with SW, PKG, CUT. Explore the stocks most correlated and inversely correlated with IP below, along with its price, financials, and company profile.

Stocks correlated with IP

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

Most correlated with IP

Symbol	Company	Correlation
SW	Smurfit Westrock plcPAPERBOARD CONTAINERS & BOXES	0.80
PKG	Packaging Corp of AmericaPAPERBOARD CONTAINERS & BOXES	0.73
CUT	Invesco MSCI Global Timber ETFINVESTMENT ADVICE	0.72
WOOD	iShares Global Timber & Forestry ETF	0.67
RSPM	Invesco S&P 500 Equal Weight Materials ETF	0.64

Most inversely correlated with IP

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.60
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.56
MZZ	ProShares UltraShort MidCap400	-0.50
SMDD	ProShares UltraPro Short MidCap400	-0.50
MYY	ProShares Short MidCap400	-0.50

Frequently asked questions about IP correlations

Which stocks are most correlated with IP?: Based on one year of daily returns, the stocks most correlated with International Paper Co. (IP) are SW (0.80), PKG (0.73) and CUT (0.72). 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 IP?: Over the past year, the stocks most inversely correlated with International Paper Co. (IP) are SMN (-0.60), JETD (-0.56) and MZZ (-0.50). 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 IP correlations calculated?: We compute the correlation of daily returns between IP 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.