The Scotts Miracle-Gro Company (SMG) — Stock Correlations & Overview
Over the past year, SMG has moved most closely with HOMZ, ITB, NAIL. Explore the stocks most correlated and inversely correlated with SMG below, along with its price, financials, and company profile.
Stocks correlated with SMG
Correlation of daily returns. Higher positive values move with SMG; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMG
| Symbol | Company | Correlation |
|---|---|---|
| HOMZ | Hoya Capital Housing ETF | 0.64 |
| ITB | iShares U.S. Home Construction ETF | 0.63 |
| NAIL | Direxion Daily Homebuilders & Supplies Bull 3X ETF | 0.63 |
| XHB | State Street SPDR S&P Homebuilders ETF | 0.61 |
| BLDR | Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | 0.59 |
Most inversely correlated with SMG
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.53 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.50 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.50 |
| SMN | ProShares UltraShort Materials | -0.49 |
| SBB | ProShares Short SmallCap600 | -0.49 |
Frequently asked questions about SMG correlations
- Which stocks are most correlated with SMG?
- Based on one year of daily returns, the stocks most correlated with The Scotts Miracle-Gro Company (SMG) are HOMZ (0.64), ITB (0.63) and NAIL (0.63). 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 SMG?
- Over the past year, the stocks most inversely correlated with The Scotts Miracle-Gro Company (SMG) are JETD (-0.53), FLYD (-0.50) and EMTY (-0.50). 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 SMG correlations calculated?
- We compute the correlation of daily returns between SMG 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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