JBS N.V. (JBS) — Stock Correlations & Overview
Over the past year, JBS has moved most closely with TSN, FXG, SFD. Explore the stocks most correlated and inversely correlated with JBS below, along with its price, financials, and company profile.
Stocks correlated with JBS
Correlation of daily returns. Higher positive values move with JBS; negative values move opposite it. Informational only, not investment advice.
Most correlated with JBS
| Symbol | Company | Correlation |
|---|---|---|
| TSN | Tyson Foods, Inc.POULTRY SLAUGHTERING AND PROCESSING | 0.46 |
| FXG | First Trust Consumer Staples AlphaDEX Fund | 0.43 |
| SFD | Smithfield Foods, Inc. Common StockMEAT PACKING PLANTS | 0.42 |
| PPC | Pilgrims Pride CorporationPOULTRY SLAUGHTERING AND PROCESSING | 0.42 |
| OTGL | OTG Latin America ETF | 0.42 |
Most inversely correlated with JBS
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.40 |
| CPII | American Beacon Ionic Inflation Protection ETF | -0.33 |
| SMN | ProShares UltraShort Materials | -0.32 |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | -0.32 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.32 |
Frequently asked questions about JBS correlations
- Which stocks are most correlated with JBS?
- Based on one year of daily returns, the stocks most correlated with JBS N.V. (JBS) are TSN (0.46), FXG (0.43) and SFD (0.42). 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 JBS?
- Over the past year, the stocks most inversely correlated with JBS N.V. (JBS) are BZQ (-0.40), CPII (-0.33) and SMN (-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 JBS correlations calculated?
- We compute the correlation of daily returns between JBS 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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