James Hardie Industries plc (JHX) — Stock Correlations & Overview
Over the past year, JHX has moved most closely with XHB, FXR, ITB. Explore the stocks most correlated and inversely correlated with JHX below, along with its price, financials, and company profile.
Stocks correlated with JHX
Correlation of daily returns. Higher positive values move with JHX; negative values move opposite it. Informational only, not investment advice.
Most correlated with JHX
| Symbol | Company | Correlation |
|---|---|---|
| XHB | State Street SPDR S&P Homebuilders ETF | 0.70 |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 0.69 |
| ITB | iShares U.S. Home Construction ETF | 0.68 |
| NAIL | Direxion Daily Homebuilders & Supplies Bull 3X ETF | 0.68 |
| BLDR | Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | 0.68 |
Frequently asked questions about JHX correlations
- Which stocks are most correlated with JHX?
- Based on one year of daily returns, the stocks most correlated with James Hardie Industries plc (JHX) are XHB (0.70), FXR (0.69) and ITB (0.68). 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 JHX?
- Over the past year, the stocks most inversely correlated with James Hardie Industries plc (JHX) are SMDD (-0.60), MZZ (-0.60) and MYY (-0.59). 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 JHX correlations calculated?
- We compute the correlation of daily returns between JHX 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.