Which stocks are most correlated with OTLY?

Based on one year of daily returns, the stocks most correlated with Oatly Group AB American Depositary Shares (OTLY) are VLTO (0.36), FLAO (0.34) and POWA (0.34). 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 OTLY?

Over the past year, the stocks most inversely correlated with Oatly Group AB American Depositary Shares (OTLY) are SETH (-0.28), ETHD (-0.28) and CARD (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Oatly Group AB American Depositary Shares (OTLY) — Stock Correlations & Overview

Over the past year, OTLY has moved most closely with VLTO, FLAO, POWA. Explore the stocks most correlated and inversely correlated with OTLY below, along with its price, financials, and company profile.

Stocks correlated with OTLY

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

Most correlated with OTLY

Symbol	Company	Correlation
VLTO	Veralto CorporationINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS	0.36
FLAO	AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	0.34
POWA	Invesco Bloomberg Pricing Power ETF	0.34
ALH	Alliance Laundry Holdings Inc.REFRIGERATION & SERVICE INDUSTRY MACHINERY	0.33
QMID	WisdomTree U.S. MidCap Quality Growth Fund	0.33

Most inversely correlated with OTLY

Symbol	Company	Correlation
SETH	ProShares Short Ether ETF	-0.28
ETHD	ProShares UltraShort Ether ETF	-0.28
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.26
SLTY	YieldMax Ultra Short Option Income Strategy ETF	-0.25
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.25

Frequently asked questions about OTLY correlations

Which stocks are most correlated with OTLY?: Based on one year of daily returns, the stocks most correlated with Oatly Group AB American Depositary Shares (OTLY) are VLTO (0.36), FLAO (0.34) and POWA (0.34). 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 OTLY?: Over the past year, the stocks most inversely correlated with Oatly Group AB American Depositary Shares (OTLY) are SETH (-0.28), ETHD (-0.28) and CARD (-0.26). 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 OTLY correlations calculated?: We compute the correlation of daily returns between OTLY 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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