Which stocks are most correlated with NWL?

Based on one year of daily returns, the stocks most correlated with Newell Brands Inc. (NWL) are SVV (0.54), TILE (0.46) and ACCO (0.45). 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 NWL?

Over the past year, the stocks most inversely correlated with Newell Brands Inc. (NWL) are SDD (-0.39), SBB (-0.38) and EMTY (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Newell Brands Inc. (NWL) — Stock Correlations & Overview

Over the past year, NWL has moved most closely with SVV, TILE, ACCO. Explore the stocks most correlated and inversely correlated with NWL below, along with its price, financials, and company profile.

Stocks correlated with NWL

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

Most correlated with NWL

Symbol	Company	Correlation
SVV	Savers Value Village, Inc.RETAIL-MISCELLANEOUS RETAIL	0.54
TILE	Interface IncCARPETS & RUGS	0.46
ACCO	Acco Brands CorporationBLANKBOOKS, LOOSELEAF BINDERS & BOOKBINDG & RELATD WORK	0.45
CCFE	Concourse Capital Focused Equity ETF	0.45
MYLD	Cambria Micro and SmallCap Shareholder Yield ETF	0.43

Most inversely correlated with NWL

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.39
SBB	ProShares Short SmallCap600	-0.38
EMTY	ProShares Decline of the Retail Store ETF	-0.38
MYY	ProShares Short MidCap400	-0.33
MZZ	ProShares UltraShort MidCap400	-0.33

Frequently asked questions about NWL correlations

Which stocks are most correlated with NWL?: Based on one year of daily returns, the stocks most correlated with Newell Brands Inc. (NWL) are SVV (0.54), TILE (0.46) and ACCO (0.45). 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 NWL?: Over the past year, the stocks most inversely correlated with Newell Brands Inc. (NWL) are SDD (-0.39), SBB (-0.38) and EMTY (-0.38). 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 NWL correlations calculated?: We compute the correlation of daily returns between NWL 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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