Sally Beauty Holdings, Inc. (SBH) — Stock Correlations & Overview
Over the past year, SBH has moved most closely with XRT, RETL, PSCD. Explore the stocks most correlated and inversely correlated with SBH below, along with its price, financials, and company profile.
Stocks correlated with SBH
Correlation of daily returns. Higher positive values move with SBH; negative values move opposite it. Informational only, not investment advice.
Most correlated with SBH
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 0.61 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.61 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.57 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.53 |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 0.52 |
Most inversely correlated with SBH
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.59 |
| SBB | ProShares Short SmallCap600 | -0.46 |
| SDD | ProShares UltraShort SmallCap600 | -0.46 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.42 |
Frequently asked questions about SBH correlations
- Which stocks are most correlated with SBH?
- Based on one year of daily returns, the stocks most correlated with Sally Beauty Holdings, Inc. (SBH) are XRT (0.61), RETL (0.61) and PSCD (0.57). 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 SBH?
- Over the past year, the stocks most inversely correlated with Sally Beauty Holdings, Inc. (SBH) are EMTY (-0.59), SBB (-0.46) and SDD (-0.46). 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 SBH correlations calculated?
- We compute the correlation of daily returns between SBH 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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