Which stocks are most correlated with RS?

Based on one year of daily returns, the stocks most correlated with Reliance, Inc. (RS) are STLD (0.75), NUE (0.74) and CMC (0.69). 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 RS?

Over the past year, the stocks most inversely correlated with Reliance, Inc. (RS) are SMN (-0.51), SMDD (-0.49) and MYY (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

Reliance, Inc. (RS) — Stock Correlations & Overview

Over the past year, RS has moved most closely with STLD, NUE, CMC. Explore the stocks most correlated and inversely correlated with RS below, along with its price, financials, and company profile.

Stocks correlated with RS

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

Most correlated with RS

Symbol	Company	Correlation
STLD	Steel Dynamics IncSTEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.75
NUE	Nucor CorporationSTEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.74
CMC	Commercial Metals CompanySTEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.69
MTUS	Metallus Inc.STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.66
SLX	VanEck Steel ETF	0.61

Most inversely correlated with RS

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.51
SMDD	ProShares UltraPro Short MidCap400	-0.49
MYY	ProShares Short MidCap400	-0.49
MZZ	ProShares UltraShort MidCap400	-0.48
SBB	ProShares Short SmallCap600	-0.46

Frequently asked questions about RS correlations

Which stocks are most correlated with RS?: Based on one year of daily returns, the stocks most correlated with Reliance, Inc. (RS) are STLD (0.75), NUE (0.74) and CMC (0.69). 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 RS?: Over the past year, the stocks most inversely correlated with Reliance, Inc. (RS) are SMN (-0.51), SMDD (-0.49) and MYY (-0.49). 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 RS correlations calculated?: We compute the correlation of daily returns between RS 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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