Nike, Inc. (NKE) — Stock Correlations & Overview
Over the past year, NKE has moved most closely with MOAT, RSPD, MVAL. Explore the stocks most correlated and inversely correlated with NKE below, along with its price, financials, and company profile.
Stocks correlated with NKE
Correlation of daily returns. Higher positive values move with NKE; negative values move opposite it. Informational only, not investment advice.
Most correlated with NKE
| Symbol | Company | Correlation |
|---|---|---|
| MOAT | VanEck Morningstar Wide Moat ETF | 0.53 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.53 |
| MVAL | VanEck Morningstar Wide Moat Value ETF | 0.52 |
| LW | Lamb Weston Holdings, Inc.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | 0.50 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.49 |
Most inversely correlated with NKE
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.47 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.43 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.42 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
Frequently asked questions about NKE correlations
- Which stocks are most correlated with NKE?
- Based on one year of daily returns, the stocks most correlated with Nike, Inc. (NKE) are MOAT (0.53), RSPD (0.53) and MVAL (0.52). 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 NKE?
- Over the past year, the stocks most inversely correlated with Nike, Inc. (NKE) are EMTY (-0.47), DWSH (-0.43) and HDGE (-0.43). 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 NKE correlations calculated?
- We compute the correlation of daily returns between NKE 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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