Which stocks are most correlated with MOV?

Based on one year of daily returns, the stocks most correlated with Movado Group, Inc. (MOV) are PSCD (0.60), DEEP (0.60) and XRT (0.59). 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 MOV?

Over the past year, the stocks most inversely correlated with Movado Group, Inc. (MOV) are SBB (-0.56), SDD (-0.54) and JETD (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Movado Group, Inc. (MOV) — Stock Correlations & Overview

Over the past year, MOV has moved most closely with PSCD, DEEP, XRT. Explore the stocks most correlated and inversely correlated with MOV below, along with its price, financials, and company profile.

Stocks correlated with MOV

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

Most correlated with MOV

Symbol	Company	Correlation
PSCD	Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE	0.60
DEEP	Acquirers Small and Micro Deep Value ETF	0.60
XRT	State Street SPDR S&P Retail ETF	0.59
FXD	First Trust Consumer Discretionary AlphaDEX Fund	0.59
RETL	Direxion Daily Retail Bull 3X ETF	0.58

Most inversely correlated with MOV

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.56
SDD	ProShares UltraShort SmallCap600	-0.54
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.51
EMTY	ProShares Decline of the Retail Store ETF	-0.50
MZZ	ProShares UltraShort MidCap400	-0.49

Frequently asked questions about MOV correlations

Which stocks are most correlated with MOV?: Based on one year of daily returns, the stocks most correlated with Movado Group, Inc. (MOV) are PSCD (0.60), DEEP (0.60) and XRT (0.59). 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 MOV?: Over the past year, the stocks most inversely correlated with Movado Group, Inc. (MOV) are SBB (-0.56), SDD (-0.54) and JETD (-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 MOV correlations calculated?: We compute the correlation of daily returns between MOV 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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