Mueller Industries, Inc. (MLI) — Stock Correlations & Overview
Over the past year, MLI has moved most closely with SAWS, RDVY, PAVE. Explore the stocks most correlated and inversely correlated with MLI below, along with its price, financials, and company profile.
Stocks correlated with MLI
Correlation of daily returns. Higher positive values move with MLI; negative values move opposite it. Informational only, not investment advice.
Most correlated with MLI
| Symbol | Company | Correlation |
|---|---|---|
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 0.55 |
| RDVY | First Trust Rising Dividend Achievers ETF | 0.54 |
| PAVE | Global X U.S. Infrastructure Development ETF | 0.52 |
| VMI | Valmont Industries, Inc.FABRICATED STRUCTURAL METAL PRODUCTS | 0.52 |
| ALIL | Argent Focused Small Cap ETF | 0.52 |
Frequently asked questions about MLI correlations
- Which stocks are most correlated with MLI?
- Based on one year of daily returns, the stocks most correlated with Mueller Industries, Inc. (MLI) are SAWS (0.55), RDVY (0.54) and PAVE (0.52). 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 MLI?
- Over the past year, the stocks most inversely correlated with Mueller Industries, Inc. (MLI) are MZZ (-0.47), SMDD (-0.47) and MYY (-0.47). 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 MLI correlations calculated?
- We compute the correlation of daily returns between MLI 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.