Middleby Corp (MIDD) — Stock Correlations & Overview
Over the past year, MIDD has moved most closely with FXR, SWK, IYJ. Explore the stocks most correlated and inversely correlated with MIDD below, along with its price, financials, and company profile.
Stocks correlated with MIDD
Correlation of daily returns. Higher positive values move with MIDD; negative values move opposite it. Informational only, not investment advice.
Most correlated with MIDD
| Symbol | Company | Correlation |
|---|---|---|
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 0.56 |
| SWK | Stanley Black & Decker, Inc.CUTLERY, HANDTOOLS & GENERAL HARDWARE | 0.55 |
| IYJ | iShares U.S. Industrials ETF | 0.53 |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 0.52 |
| PSCI | Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE | 0.52 |
Most inversely correlated with MIDD
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.48 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.48 |
| MYY | ProShares Short MidCap400 | -0.48 |
Frequently asked questions about MIDD correlations
- Which stocks are most correlated with MIDD?
- Based on one year of daily returns, the stocks most correlated with Middleby Corp (MIDD) are FXR (0.56), SWK (0.55) and IYJ (0.53). 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 MIDD?
- Over the past year, the stocks most inversely correlated with Middleby Corp (MIDD) are JETD (-0.48), SMDD (-0.48) and CARD (-0.48). 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 MIDD correlations calculated?
- We compute the correlation of daily returns between MIDD 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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