McKesson Corporation (MCK) — Stock Correlations & Overview
Over the past year, MCK has moved most closely with COR, CAH, ENSG. Explore the stocks most correlated and inversely correlated with MCK below, along with its price, financials, and company profile.
Stocks correlated with MCK
Correlation of daily returns. Higher positive values move with MCK; negative values move opposite it. Informational only, not investment advice.
Most correlated with MCK
| Symbol | Company | Correlation |
|---|---|---|
| COR | Cencora, Inc.WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES | 0.71 |
| CAH | Cardinal Health, Inc.WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES | 0.67 |
| ENSG | The Ensign Group, Inc.SERVICES-SKILLED NURSING CARE FACILITIES | 0.48 |
| SELV | SEI QiM U.S. Large Cap Low Volatility Active ETF | 0.47 |
| EASY | Liberty One Defensive Dividend Growth ETF | 0.47 |
Most inversely correlated with MCK
| Symbol | Company | Correlation |
|---|---|---|
| RAL | Ralliant CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | -0.36 |
| CLGN | CollPlant Biotechnologies Ltd Ordinary Shares | -0.35 |
| CRNC | Cerence Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.34 |
| IPOS | Renaissance International IPO ETF | -0.31 |
| EVEX | Eve Holding, Inc.AIRCRAFT | -0.30 |
Frequently asked questions about MCK correlations
- Which stocks are most correlated with MCK?
- Based on one year of daily returns, the stocks most correlated with McKesson Corporation (MCK) are COR (0.71), CAH (0.67) and ENSG (0.48). 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 MCK?
- Over the past year, the stocks most inversely correlated with McKesson Corporation (MCK) are RAL (-0.36), CLGN (-0.35) and CRNC (-0.34). 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 MCK correlations calculated?
- We compute the correlation of daily returns between MCK 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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