Which stocks are most correlated with PCAR?

Based on one year of daily returns, the stocks most correlated with Paccar Inc (PCAR) are RSPN (0.70), FTXR (0.69) and FXR (0.68). 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 PCAR?

Over the past year, the stocks most inversely correlated with Paccar Inc (PCAR) are MZZ (-0.63), SIJ (-0.63) and SMDD (-0.63). A negative correlation means the two stocks have tended to move in opposite directions.

Paccar Inc (PCAR) — Stock Correlations & Overview

Over the past year, PCAR has moved most closely with RSPN, FTXR, FXR. Explore the stocks most correlated and inversely correlated with PCAR below, along with its price, financials, and company profile.

Stocks correlated with PCAR

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

Most correlated with PCAR

Symbol	Company	Correlation
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.70
FTXR	First Trust Nasdaq Transportation ETF	0.69
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.68
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	0.67
EPSB	Harbor SMID Cap Core ETF	0.67

Most inversely correlated with PCAR

Symbol	Company	Correlation
MZZ	ProShares UltraShort MidCap400	-0.63
SIJ	ProShares UltraShort Industrials	-0.63
SMDD	ProShares UltraPro Short MidCap400	-0.63
MYY	ProShares Short MidCap400	-0.62
SDD	ProShares UltraShort SmallCap600	-0.61

Frequently asked questions about PCAR correlations

Which stocks are most correlated with PCAR?: Based on one year of daily returns, the stocks most correlated with Paccar Inc (PCAR) are RSPN (0.70), FTXR (0.69) and FXR (0.68). 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 PCAR?: Over the past year, the stocks most inversely correlated with Paccar Inc (PCAR) are MZZ (-0.63), SIJ (-0.63) and SMDD (-0.63). 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 PCAR correlations calculated?: We compute the correlation of daily returns between PCAR 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.