Which stocks are most correlated with LPX?

Based on one year of daily returns, the stocks most correlated with Louisiana-Pacific Corp. (LPX) are BLDR (0.75), BCC (0.72) and UFPI (0.72). 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 LPX?

Over the past year, the stocks most inversely correlated with Louisiana-Pacific Corp. (LPX) are SMN (-0.54), SMDD (-0.51) and MYY (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Louisiana-Pacific Corp. (LPX) — Stock Correlations & Overview

Over the past year, LPX has moved most closely with BLDR, BCC, UFPI. Explore the stocks most correlated and inversely correlated with LPX below, along with its price, financials, and company profile.

Stocks correlated with LPX

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

Most correlated with LPX

Symbol	Company	Correlation
BLDR	Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS	0.75
BCC	Boise Cascade CompanyWHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS	0.72
UFPI	UFP Industries, Inc. Common StockSAWMILLS & PLANTING MILLS, GENERAL	0.72
ITB	iShares U.S. Home Construction ETF	0.72
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.72

Most inversely correlated with LPX

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.54
SMDD	ProShares UltraPro Short MidCap400	-0.51
MYY	ProShares Short MidCap400	-0.51
MZZ	ProShares UltraShort MidCap400	-0.51
EMTY	ProShares Decline of the Retail Store ETF	-0.50

Frequently asked questions about LPX correlations

Which stocks are most correlated with LPX?: Based on one year of daily returns, the stocks most correlated with Louisiana-Pacific Corp. (LPX) are BLDR (0.75), BCC (0.72) and UFPI (0.72). 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 LPX?: Over the past year, the stocks most inversely correlated with Louisiana-Pacific Corp. (LPX) are SMN (-0.54), SMDD (-0.51) and MYY (-0.51). 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 LPX correlations calculated?: We compute the correlation of daily returns between LPX 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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