Which stocks are most correlated with NWSA?

Based on one year of daily returns, the stocks most correlated with News Corporation Class A Common Stock (NWSA) are NWS (0.95), RSPC (0.59) and PCTY (0.51). 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 NWSA?

Over the past year, the stocks most inversely correlated with News Corporation Class A Common Stock (NWSA) are HDGE (-0.45), FAZ (-0.38) and DWSH (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

News Corporation Class A Common Stock (NWSA) — Stock Correlations & Overview

Over the past year, NWSA has moved most closely with NWS, RSPC, PCTY. Explore the stocks most correlated and inversely correlated with NWSA below, along with its price, financials, and company profile.

Stocks correlated with NWSA

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

Most correlated with NWSA

Symbol	Company	Correlation
NWS	News Corporation Class B Common StockNEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING	0.95
RSPC	Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF	0.59
PCTY	Paylocity Holding Corporation Common StockSERVICES-PREPACKAGED SOFTWARE	0.51
EXLS	ExlService Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC	0.50
G	GENPACT LIMITEDSERVICES-MANAGEMENT CONSULTING SERVICES	0.50

Most inversely correlated with NWSA

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.45
FAZ	Direxion Daily Financial Bear 3x ETF	-0.38
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.38
SKF	ProShares UltraShort Financials	-0.38
SEF	ProShares Short Financials	-0.37

Frequently asked questions about NWSA correlations

Which stocks are most correlated with NWSA?: Based on one year of daily returns, the stocks most correlated with News Corporation Class A Common Stock (NWSA) are NWS (0.95), RSPC (0.59) and PCTY (0.51). 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 NWSA?: Over the past year, the stocks most inversely correlated with News Corporation Class A Common Stock (NWSA) are HDGE (-0.45), FAZ (-0.38) and DWSH (-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 NWSA correlations calculated?: We compute the correlation of daily returns between NWSA 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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