Which stocks are most correlated with MTW?

Based on one year of daily returns, the stocks most correlated with The Manitowoc Company, Inc. (MTW) are PAVE (0.61), TEX (0.61) and CCFE (0.61). 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 MTW?

Over the past year, the stocks most inversely correlated with The Manitowoc Company, Inc. (MTW) are SMDD (-0.58), MYY (-0.57) and MZZ (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.

The Manitowoc Company, Inc. (MTW) — Stock Correlations & Overview

Over the past year, MTW has moved most closely with PAVE, TEX, CCFE. Explore the stocks most correlated and inversely correlated with MTW below, along with its price, financials, and company profile.

Stocks correlated with MTW

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

Most correlated with MTW

Symbol	Company	Correlation
PAVE	Global X U.S. Infrastructure Development ETF	0.61
TEX	Terex CorporationINDUSTRIAL TRUCKS, TRACTORS, TRAILERS & STACKERS	0.61
CCFE	Concourse Capital Focused Equity ETF	0.61
SCAP	Infrastructure Capital Small Cap Income ETF	0.60
PSCI	Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE	0.60

Most inversely correlated with MTW

Symbol	Company	Correlation
SMDD	ProShares UltraPro Short MidCap400	-0.58
MYY	ProShares Short MidCap400	-0.57
MZZ	ProShares UltraShort MidCap400	-0.57
SDD	ProShares UltraShort SmallCap600	-0.56
SBB	ProShares Short SmallCap600	-0.56

Frequently asked questions about MTW correlations

Which stocks are most correlated with MTW?: Based on one year of daily returns, the stocks most correlated with The Manitowoc Company, Inc. (MTW) are PAVE (0.61), TEX (0.61) and CCFE (0.61). 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 MTW?: Over the past year, the stocks most inversely correlated with The Manitowoc Company, Inc. (MTW) are SMDD (-0.58), MYY (-0.57) and MZZ (-0.57). 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 MTW correlations calculated?: We compute the correlation of daily returns between MTW 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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