Pool Corporation (POOL) — Stock Correlations & Overview
Over the past year, POOL has moved most closely with HOMZ, ITB, NAIL. Explore the stocks most correlated and inversely correlated with POOL below, along with its price, financials, and company profile.
Stocks correlated with POOL
Correlation of daily returns. Higher positive values move with POOL; negative values move opposite it. Informational only, not investment advice.
Most correlated with POOL
| Symbol | Company | Correlation |
|---|---|---|
| HOMZ | Hoya Capital Housing ETF | 0.61 |
| ITB | iShares U.S. Home Construction ETF | 0.60 |
| NAIL | Direxion Daily Homebuilders & Supplies Bull 3X ETF | 0.60 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.58 |
| FND | Floor & Decor Holdings, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | 0.58 |
Most inversely correlated with POOL
| Symbol | Company | Correlation |
|---|---|---|
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.52 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.52 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.50 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
Frequently asked questions about POOL correlations
- Which stocks are most correlated with POOL?
- Based on one year of daily returns, the stocks most correlated with Pool Corporation (POOL) are HOMZ (0.61), ITB (0.60) and NAIL (0.60). 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 POOL?
- Over the past year, the stocks most inversely correlated with Pool Corporation (POOL) are DWSH (-0.52), EMTY (-0.52) and HDGE (-0.50). 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 POOL correlations calculated?
- We compute the correlation of daily returns between POOL 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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