Which stocks are most correlated with MSGE?

Based on one year of daily returns, the stocks most correlated with Madison Square Garden Entertainment Corp. (MSGE) are SPHR (0.51), MSGS (0.50) and PEJ (0.47). 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 MSGE?

Over the past year, the stocks most inversely correlated with Madison Square Garden Entertainment Corp. (MSGE) are SBB (-0.38), SDD (-0.38) and SMDD (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Madison Square Garden Entertainment Corp. (MSGE) — Stock Correlations & Overview

Over the past year, MSGE has moved most closely with SPHR, MSGS, PEJ. Explore the stocks most correlated and inversely correlated with MSGE below, along with its price, financials, and company profile.

Stocks correlated with MSGE

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

Most correlated with MSGE

Symbol	Company	Correlation
SPHR	Sphere Entertainment Co.SERVICES-AMUSEMENT & RECREATION SERVICES	0.51
MSGS	Madison Square Garden Sports Corp.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.50
PEJ	Invesco Leisure and Entertainment ETF	0.47
PEZ	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Cyclicals Momentum ETF	0.43
MUSQ	MUSQ Global Music Industry Index ETF	0.41

Most inversely correlated with MSGE

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.38
SDD	ProShares UltraShort SmallCap600	-0.38
SMDD	ProShares UltraPro Short MidCap400	-0.37
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.37
MZZ	ProShares UltraShort MidCap400	-0.37

Frequently asked questions about MSGE correlations

Which stocks are most correlated with MSGE?: Based on one year of daily returns, the stocks most correlated with Madison Square Garden Entertainment Corp. (MSGE) are SPHR (0.51), MSGS (0.50) and PEJ (0.47). 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 MSGE?: Over the past year, the stocks most inversely correlated with Madison Square Garden Entertainment Corp. (MSGE) are SBB (-0.38), SDD (-0.38) and SMDD (-0.37). 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 MSGE correlations calculated?: We compute the correlation of daily returns between MSGE 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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