Which stocks are most correlated with JOUT?

Based on one year of daily returns, the stocks most correlated with Johnson Outdoors Inc (JOUT) are SMLV (0.57), FYT (0.57) and DGRS (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 JOUT?

Over the past year, the stocks most inversely correlated with Johnson Outdoors Inc (JOUT) are SKRE (-0.51), SDD (-0.49) and SBB (-0.48). A negative correlation means the two stocks have tended to move in opposite directions.

Johnson Outdoors Inc (JOUT) — Stock Correlations & Overview

Over the past year, JOUT has moved most closely with SMLV, FYT, DGRS. Explore the stocks most correlated and inversely correlated with JOUT below, along with its price, financials, and company profile.

Stocks correlated with JOUT

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

Most correlated with JOUT

Symbol	Company	Correlation
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.57
FYT	First Trust Small Cap Value AlphaDEX Fund	0.57
DGRS	WisdomTree Trust WisdomTree U.S. SmallCap Quality Dividend Growth Fund	0.56
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.56
EBIT	Harbor Small Cap Earners ETF	0.55

Most inversely correlated with JOUT

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.51
SDD	ProShares UltraShort SmallCap600	-0.49
SBB	ProShares Short SmallCap600	-0.48
EMTY	ProShares Decline of the Retail Store ETF	-0.45
SMDD	ProShares UltraPro Short MidCap400	-0.41

Frequently asked questions about JOUT correlations

Which stocks are most correlated with JOUT?: Based on one year of daily returns, the stocks most correlated with Johnson Outdoors Inc (JOUT) are SMLV (0.57), FYT (0.57) and DGRS (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 JOUT?: Over the past year, the stocks most inversely correlated with Johnson Outdoors Inc (JOUT) are SKRE (-0.51), SDD (-0.49) and SBB (-0.48). 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 JOUT correlations calculated?: We compute the correlation of daily returns between JOUT 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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