Nomad Foods Limited (NOMD) — Stock Correlations & Overview
Over the past year, NOMD has moved most closely with KHC, RSPS, WMK. Explore the stocks most correlated and inversely correlated with NOMD below, along with its price, financials, and company profile.
Stocks correlated with NOMD
Correlation of daily returns. Higher positive values move with NOMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with NOMD
| Symbol | Company | Correlation |
|---|---|---|
| KHC | The Kraft Heinz Company Common StockCANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | 0.43 |
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 0.43 |
| WMK | Weis Markets, Inc.RETAIL-GROCERY STORES | 0.43 |
| GIS | General Mills, Inc.GRAIN MILL PRODUCTS | 0.41 |
| CAG | Conagra Brands, Inc.FOOD AND KINDRED PRODUCTS | 0.41 |
Most inversely correlated with NOMD
| Symbol | Company | Correlation |
|---|---|---|
| LWLG | Lightwave Logic, Inc. Common StockMISCELLANEOUS PLASTICS PRODUCTS | -0.36 |
| SZK | ProShares UltraShort Consumer Staples | -0.35 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.33 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.30 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
Frequently asked questions about NOMD correlations
- Which stocks are most correlated with NOMD?
- Based on one year of daily returns, the stocks most correlated with Nomad Foods Limited (NOMD) are KHC (0.43), RSPS (0.43) and WMK (0.43). 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 NOMD?
- Over the past year, the stocks most inversely correlated with Nomad Foods Limited (NOMD) are LWLG (-0.36), SZK (-0.35) and EMTY (-0.33). 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 NOMD correlations calculated?
- We compute the correlation of daily returns between NOMD 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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