Which stocks are most correlated with MSGS?

Based on one year of daily returns, the stocks most correlated with Madison Square Garden Sports Corp. (MSGS) are MSGE (0.50), PEJ (0.37) and LBTYA (0.37). 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 MSGS?

Over the past year, the stocks most inversely correlated with Madison Square Garden Sports Corp. (MSGS) are NLOP (-0.33), SMDD (-0.30) and TZA (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Madison Square Garden Sports Corp. (MSGS) — Stock Correlations & Overview

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

Stocks correlated with MSGS

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

Most correlated with MSGS

Symbol	Company	Correlation
MSGE	Madison Square Garden Entertainment Corp.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.50
PEJ	Invesco Leisure and Entertainment ETF	0.37
LBTYA	Liberty Global Ltd. Class A Common SharesCABLE & OTHER PAY TELEVISION SERVICES	0.37
LBTYK	Liberty Global Ltd. Class C Common SharesCABLE & OTHER PAY TELEVISION SERVICES	0.36
COPY	Tweedy, Browne Insider + Value ETF	0.35

Most inversely correlated with MSGS

Symbol	Company	Correlation
NLOP	Net Lease Office PropertiesREAL ESTATE INVESTMENT TRUSTS	-0.33
SMDD	ProShares UltraPro Short MidCap400	-0.30
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.30
MYY	ProShares Short MidCap400	-0.30

Frequently asked questions about MSGS correlations

Which stocks are most correlated with MSGS?: Based on one year of daily returns, the stocks most correlated with Madison Square Garden Sports Corp. (MSGS) are MSGE (0.50), PEJ (0.37) and LBTYA (0.37). 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 MSGS?: Over the past year, the stocks most inversely correlated with Madison Square Garden Sports Corp. (MSGS) are NLOP (-0.33), SMDD (-0.30) and TZA (-0.30). 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 MSGS correlations calculated?: We compute the correlation of daily returns between MSGS 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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