Which stocks are most correlated with SHOO?

Based on one year of daily returns, the stocks most correlated with Steven Madden Ltd (SHOO) are GSSC (0.60), DEEP (0.59) and BKSE (0.59). 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 SHOO?

Over the past year, the stocks most inversely correlated with Steven Madden Ltd (SHOO) are SDD (-0.58), SBB (-0.58) and SRTY (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

Steven Madden Ltd (SHOO) — Stock Correlations & Overview

Over the past year, SHOO has moved most closely with GSSC, DEEP, BKSE. Explore the stocks most correlated and inversely correlated with SHOO below, along with its price, financials, and company profile.

Stocks correlated with SHOO

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

Most correlated with SHOO

Symbol	Company	Correlation
GSSC	GS ActiveBeta U.S. Small Cap Equity ETF	0.60
DEEP	Acquirers Small and Micro Deep Value ETF	0.59
BKSE	BNY Mellon US Small Cap Core Equity ETF	0.59
FYX	First Trust Small Cap Core AlphaDEX Fund	0.59
QSML	WisdomTree U.S. SmallCap Quality Growth Fund	0.58

Most inversely correlated with SHOO

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.58
SBB	ProShares Short SmallCap600	-0.58
SRTY	ProShares UltraPro Short Russell2000	-0.56
TWM	ProShares UltraShort Russell2000	-0.56
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.56

Frequently asked questions about SHOO correlations

Which stocks are most correlated with SHOO?: Based on one year of daily returns, the stocks most correlated with Steven Madden Ltd (SHOO) are GSSC (0.60), DEEP (0.59) and BKSE (0.59). 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 SHOO?: Over the past year, the stocks most inversely correlated with Steven Madden Ltd (SHOO) are SDD (-0.58), SBB (-0.58) and SRTY (-0.56). 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 SHOO correlations calculated?: We compute the correlation of daily returns between SHOO 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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