Which stocks are most correlated with PENN?

Based on one year of daily returns, the stocks most correlated with PENN Entertainment, Inc. Common Stock (PENN) are MGM (0.58), BETZ (0.57) and CZR (0.54). 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 PENN?

Over the past year, the stocks most inversely correlated with PENN Entertainment, Inc. Common Stock (PENN) are FLYD (-0.41), HDGE (-0.38) and SBB (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

PENN Entertainment, Inc. Common Stock (PENN) — Stock Correlations & Overview

Over the past year, PENN has moved most closely with MGM, BETZ, CZR. Explore the stocks most correlated and inversely correlated with PENN below, along with its price, financials, and company profile.

Stocks correlated with PENN

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

Most correlated with PENN

Symbol	Company	Correlation
MGM	MGM RESORTS INTERNATIONALHOTELS & MOTELS	0.58
BETZ	Roundhill Sports Betting & iGaming ETF	0.57
CZR	Caesars Entertainment, Inc. Common StockHOTELS & MOTELS	0.54
BYD	Boyd Gaming CorporationHOTELS & MOTELS	0.51
VAC	MARRIOTT VACATIONS WORLDWIDE CORPORATIONREAL ESTATE AGENTS & MANAGERS (FOR OTHERS)	0.49

Most inversely correlated with PENN

Symbol	Company	Correlation
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.41
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.38
SBB	ProShares Short SmallCap600	-0.38
SDD	ProShares UltraShort SmallCap600	-0.38
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.37

Frequently asked questions about PENN correlations

Which stocks are most correlated with PENN?: Based on one year of daily returns, the stocks most correlated with PENN Entertainment, Inc. Common Stock (PENN) are MGM (0.58), BETZ (0.57) and CZR (0.54). 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 PENN?: Over the past year, the stocks most inversely correlated with PENN Entertainment, Inc. Common Stock (PENN) are FLYD (-0.41), HDGE (-0.38) and SBB (-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 PENN correlations calculated?: We compute the correlation of daily returns between PENN 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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