Which stocks are most correlated with SITE?

Based on one year of daily returns, the stocks most correlated with SiteOne Landscape Supply, Inc. (SITE) are BLDR (0.63), XHB (0.63) and ITB (0.62). 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 SITE?

Over the past year, the stocks most inversely correlated with SiteOne Landscape Supply, Inc. (SITE) are SBB (-0.46), EMTY (-0.45) and SMDD (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

SiteOne Landscape Supply, Inc. (SITE) — Stock Correlations & Overview

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

Stocks correlated with SITE

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

Most correlated with SITE

Symbol	Company	Correlation
BLDR	Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS	0.63
XHB	State Street SPDR S&P Homebuilders ETF	0.63
ITB	iShares U.S. Home Construction ETF	0.62
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.62
BCC	Boise Cascade CompanyWHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS	0.60

Most inversely correlated with SITE

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.46
EMTY	ProShares Decline of the Retail Store ETF	-0.45
SMDD	ProShares UltraPro Short MidCap400	-0.45
MZZ	ProShares UltraShort MidCap400	-0.45
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.45

Frequently asked questions about SITE correlations

Which stocks are most correlated with SITE?: Based on one year of daily returns, the stocks most correlated with SiteOne Landscape Supply, Inc. (SITE) are BLDR (0.63), XHB (0.63) and ITB (0.62). 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 SITE?: Over the past year, the stocks most inversely correlated with SiteOne Landscape Supply, Inc. (SITE) are SBB (-0.46), EMTY (-0.45) and SMDD (-0.45). 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 SITE correlations calculated?: We compute the correlation of daily returns between SITE 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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