Which stocks are most correlated with MSM?

Based on one year of daily returns, the stocks most correlated with MSC Industrial Direct Co., Inc. Class A (MSM) are AIT (0.60), SDVY (0.57) and RSPN (0.57). 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 MSM?

Over the past year, the stocks most inversely correlated with MSC Industrial Direct Co., Inc. Class A (MSM) are SMDD (-0.53), MZZ (-0.52) and MYY (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.

MSC Industrial Direct Co., Inc. Class A (MSM) — Stock Correlations & Overview

Over the past year, MSM has moved most closely with AIT, SDVY, RSPN. Explore the stocks most correlated and inversely correlated with MSM below, along with its price, financials, and company profile.

Stocks correlated with MSM

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

Most correlated with MSM

Symbol	Company	Correlation
AIT	Applied Industrial Technologies, Inc.WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES	0.60
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	0.57
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.57
SMIG	Bahl & Gaynor Small/Mid Cap Income Growth ETF	0.57
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.57

Most inversely correlated with MSM

Symbol	Company	Correlation
SMDD	ProShares UltraPro Short MidCap400	-0.53
MZZ	ProShares UltraShort MidCap400	-0.52
MYY	ProShares Short MidCap400	-0.52
SIJ	ProShares UltraShort Industrials	-0.52
SBB	ProShares Short SmallCap600	-0.50

Frequently asked questions about MSM correlations

Which stocks are most correlated with MSM?: Based on one year of daily returns, the stocks most correlated with MSC Industrial Direct Co., Inc. Class A (MSM) are AIT (0.60), SDVY (0.57) and RSPN (0.57). 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 MSM?: Over the past year, the stocks most inversely correlated with MSC Industrial Direct Co., Inc. Class A (MSM) are SMDD (-0.53), MZZ (-0.52) and MYY (-0.52). 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 MSM correlations calculated?: We compute the correlation of daily returns between MSM 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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