Reed's, Inc. (REED) — Stock Correlations & Overview
Over the past year, REED has moved most closely with HKD, SPWH, ARTL. Explore the stocks most correlated and inversely correlated with REED below, along with its price, financials, and company profile.
Stocks correlated with REED
Correlation of daily returns. Higher positive values move with REED; negative values move opposite it. Informational only, not investment advice.
Most correlated with REED
| Symbol | Company | Correlation |
|---|---|---|
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | 0.34 |
| SPWH | Sportsman's Warehouse Holdings, Inc.RETAIL-MISCELLANEOUS SHOPPING GOODS STORES | 0.32 |
| ARTL | Artelo Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.31 |
| PSN | Parsons CorporationSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.25 |
| SBR | Sabine Royalty TrustOIL ROYALTY TRADERS | 0.24 |
Most inversely correlated with REED
| Symbol | Company | Correlation |
|---|---|---|
| DBRG | DigitalBridge Group, Inc.INVESTMENT ADVICE | -0.47 |
| TGL | Treasure Global Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | -0.36 |
| SWBI | Smith & Wesson Brands, Inc. Common StockORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) | -0.30 |
| TGE | The Generation Essentials Group | -0.26 |
| TORO | Toro Corp. Common Stock | -0.26 |
Frequently asked questions about REED correlations
- Which stocks are most correlated with REED?
- Based on one year of daily returns, the stocks most correlated with Reed's, Inc. (REED) are HKD (0.34), SPWH (0.32) and ARTL (0.31). 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 REED?
- Over the past year, the stocks most inversely correlated with Reed's, Inc. (REED) are DBRG (-0.47), TGL (-0.36) and SWBI (-0.30). 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 REED correlations calculated?
- We compute the correlation of daily returns between REED 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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