Which stocks are most correlated with MERC?

Based on one year of daily returns, the stocks most correlated with Mercer International Inc (MERC) are FXR (0.39), EQTY (0.38) and CVY (0.38). 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 MERC?

Over the past year, the stocks most inversely correlated with Mercer International Inc (MERC) are EMTY (-0.35), SMDD (-0.34) and DXD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Mercer International Inc (MERC) — Stock Correlations & Overview

Over the past year, MERC has moved most closely with FXR, EQTY, CVY. Explore the stocks most correlated and inversely correlated with MERC below, along with its price, financials, and company profile.

Stocks correlated with MERC

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

Most correlated with MERC

Symbol	Company	Correlation
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.39
EQTY	Kovitz Core Equity ETF	0.38
CVY	Invesco Zacks Multi-Asset Income ETF	0.38
FRIZ	Franklin Dividend Growth ETF	0.38
PFM	Invesco Dividend Achievers ETF	0.38

Most inversely correlated with MERC

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.35
SMDD	ProShares UltraPro Short MidCap400	-0.34
DXD	ProShares UltraShort Dow 30	-0.34
SDOW	ProShares UltraPro Short Dow 30	-0.34
SBB	ProShares Short SmallCap600	-0.33

Frequently asked questions about MERC correlations

Which stocks are most correlated with MERC?: Based on one year of daily returns, the stocks most correlated with Mercer International Inc (MERC) are FXR (0.39), EQTY (0.38) and CVY (0.38). 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 MERC?: Over the past year, the stocks most inversely correlated with Mercer International Inc (MERC) are EMTY (-0.35), SMDD (-0.34) and DXD (-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 MERC correlations calculated?: We compute the correlation of daily returns between MERC 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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