PERRIGO COMPANY PLC (PRGO) — Stock Correlations & Overview
Over the past year, PRGO has moved most closely with TREX, WWW, ZBH. Explore the stocks most correlated and inversely correlated with PRGO below, along with its price, financials, and company profile.
Stocks correlated with PRGO
Correlation of daily returns. Higher positive values move with PRGO; negative values move opposite it. Informational only, not investment advice.
Most correlated with PRGO
| Symbol | Company | Correlation |
|---|---|---|
| TREX | Trex Company, Inc.LUMBER & WOOD PRODUCTS (NO FURNITURE) | 0.63 |
| WWW | Wolverine World Wide, Inc.FOOTWEAR, (NO RUBBER) | 0.54 |
| ZBH | Zimmer Biomet Holdings, Inc.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | 0.50 |
| SUPN | Supernus Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.48 |
| OC | Owens CorningABRASIVE, ASBESTOS & MISC NONMETALLIC MINERAL PRODS | 0.48 |
Most inversely correlated with PRGO
| Symbol | Company | Correlation |
|---|---|---|
| MTC | MMTec, Inc. Common Shares | -0.41 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.37 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.34 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.33 |
| RCON | Recon Technology, Ltd. Class A Ordinary SharesOIL & GAS FIELD SERVICES, NEC | -0.33 |
Frequently asked questions about PRGO correlations
- Which stocks are most correlated with PRGO?
- Based on one year of daily returns, the stocks most correlated with PERRIGO COMPANY PLC (PRGO) are TREX (0.63), WWW (0.54) and ZBH (0.50). 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 PRGO?
- Over the past year, the stocks most inversely correlated with PERRIGO COMPANY PLC (PRGO) are MTC (-0.41), EMTY (-0.37) and DWSH (-0.34). 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 PRGO correlations calculated?
- We compute the correlation of daily returns between PRGO 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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