Which stocks are most correlated with TGLS?

Based on one year of daily returns, the stocks most correlated with Tecnoglass Holdings Inc. (TGLS) are XHB (0.57), BLDR (0.57) and ITB (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 TGLS?

Over the past year, the stocks most inversely correlated with Tecnoglass Holdings Inc. (TGLS) are SBB (-0.48), SDD (-0.47) and SMDD (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Tecnoglass Holdings Inc. (TGLS) — Stock Correlations & Overview

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

Stocks correlated with TGLS

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

Most correlated with TGLS

Symbol	Company	Correlation
XHB	State Street SPDR S&P Homebuilders ETF	0.57
BLDR	Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS	0.57
ITB	iShares U.S. Home Construction ETF	0.57
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.56
OC	Owens CorningABRASIVE, ASBESTOS & MISC NONMETALLIC MINERAL PRODS	0.56

Most inversely correlated with TGLS

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.48
SDD	ProShares UltraShort SmallCap600	-0.47
SMDD	ProShares UltraPro Short MidCap400	-0.47
MZZ	ProShares UltraShort MidCap400	-0.46
MYY	ProShares Short MidCap400	-0.46

Frequently asked questions about TGLS correlations

Which stocks are most correlated with TGLS?: Based on one year of daily returns, the stocks most correlated with Tecnoglass Holdings Inc. (TGLS) are XHB (0.57), BLDR (0.57) and ITB (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 TGLS?: Over the past year, the stocks most inversely correlated with Tecnoglass Holdings Inc. (TGLS) are SBB (-0.48), SDD (-0.47) and SMDD (-0.47). 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 TGLS correlations calculated?: We compute the correlation of daily returns between TGLS 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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