Kenvue Inc. (KVUE) — Stock Correlations & Overview
Over the past year, KVUE has moved most closely with XLP, RSPS, PSCC. Explore the stocks most correlated and inversely correlated with KVUE below, along with its price, financials, and company profile.
Stocks correlated with KVUE
Correlation of daily returns. Higher positive values move with KVUE; negative values move opposite it. Informational only, not investment advice.
Most correlated with KVUE
| Symbol | Company | Correlation |
|---|---|---|
| XLP | State Street Consumer Staples Select Sector SPDR ETF | 0.45 |
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 0.45 |
| PSCC | Invesco S&P SmallCap Consumer Staples ETFINVESTMENT ADVICE | 0.44 |
| IYK | iShares U.S. Consumer Staples ETF | 0.44 |
| UGE | ProShares Ultra Consumer Staples | 0.43 |
Most inversely correlated with KVUE
| Symbol | Company | Correlation |
|---|---|---|
| SZK | ProShares UltraShort Consumer Staples | -0.44 |
| PRAX | Praxis Precision Medicines, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.40 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.30 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.28 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.27 |
Frequently asked questions about KVUE correlations
- Which stocks are most correlated with KVUE?
- Based on one year of daily returns, the stocks most correlated with Kenvue Inc. (KVUE) are XLP (0.45), RSPS (0.45) and PSCC (0.44). 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 KVUE?
- Over the past year, the stocks most inversely correlated with Kenvue Inc. (KVUE) are SZK (-0.44), PRAX (-0.40) and SKRE (-0.30). 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 KVUE correlations calculated?
- We compute the correlation of daily returns between KVUE 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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