Which stocks are most correlated with SGI?

Based on one year of daily returns, the stocks most correlated with Somnigroup International Inc. (SGI) are XHB (0.71), WMS (0.68) and HOMZ (0.67). 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 SGI?

Over the past year, the stocks most inversely correlated with Somnigroup International Inc. (SGI) are SMDD (-0.59), MZZ (-0.59) and JETD (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.

Somnigroup International Inc. (SGI) — Stock Correlations & Overview

Over the past year, SGI has moved most closely with XHB, WMS, HOMZ. Explore the stocks most correlated and inversely correlated with SGI below, along with its price, financials, and company profile.

Stocks correlated with SGI

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

Most correlated with SGI

Symbol	Company	Correlation
XHB	State Street SPDR S&P Homebuilders ETF	0.71
WMS	ADVANCED DRAINAGE SYSTEMS, INC.PLASTICS FOAM PRODUCTS	0.68
HOMZ	Hoya Capital Housing ETF	0.67
ITB	iShares U.S. Home Construction ETF	0.67
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.67

Most inversely correlated with SGI

Symbol	Company	Correlation
SMDD	ProShares UltraPro Short MidCap400	-0.59
MZZ	ProShares UltraShort MidCap400	-0.59
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.58
MYY	ProShares Short MidCap400	-0.58
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.58

Frequently asked questions about SGI correlations

Which stocks are most correlated with SGI?: Based on one year of daily returns, the stocks most correlated with Somnigroup International Inc. (SGI) are XHB (0.71), WMS (0.68) and HOMZ (0.67). 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 SGI?: Over the past year, the stocks most inversely correlated with Somnigroup International Inc. (SGI) are SMDD (-0.59), MZZ (-0.59) and JETD (-0.58). 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 SGI correlations calculated?: We compute the correlation of daily returns between SGI 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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