Which stocks are most correlated with KMX?

Based on one year of daily returns, the stocks most correlated with CarMax Inc. (KMX) are PRKS (0.53), PSCD (0.51) and JBI (0.49). 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 KMX?

Over the past year, the stocks most inversely correlated with CarMax Inc. (KMX) are CARD (-0.46), SBB (-0.43) and SDD (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

CarMax Inc. (KMX) — Stock Correlations & Overview

Over the past year, KMX has moved most closely with PRKS, PSCD, JBI. Explore the stocks most correlated and inversely correlated with KMX below, along with its price, financials, and company profile.

Stocks correlated with KMX

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

Most correlated with KMX

Symbol	Company	Correlation
PRKS	United Parks & Resorts Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.53
PSCD	Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE	0.51
JBI	Janus International Group, Inc.METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM	0.49
VAC	MARRIOTT VACATIONS WORLDWIDE CORPORATIONREAL ESTATE AGENTS & MANAGERS (FOR OTHERS)	0.49
RWJ	Invesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE	0.48

Most inversely correlated with KMX

Symbol	Company	Correlation
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.46
SBB	ProShares Short SmallCap600	-0.43
SDD	ProShares UltraShort SmallCap600	-0.41
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.40
SMDD	ProShares UltraPro Short MidCap400	-0.39

Frequently asked questions about KMX correlations

Which stocks are most correlated with KMX?: Based on one year of daily returns, the stocks most correlated with CarMax Inc. (KMX) are PRKS (0.53), PSCD (0.51) and JBI (0.49). 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 KMX?: Over the past year, the stocks most inversely correlated with CarMax Inc. (KMX) are CARD (-0.46), SBB (-0.43) and SDD (-0.41). 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 KMX correlations calculated?: We compute the correlation of daily returns between KMX 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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