Which stocks are most correlated with TLF?

Based on one year of daily returns, the stocks most correlated with Tandy Leather Factory, Inc. Common Stock (TLF) are ODD (0.53), MNKD (0.51) and ALLT (0.50). 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 TLF?

Over the past year, the stocks most inversely correlated with Tandy Leather Factory, Inc. Common Stock (TLF) are XWEL (-0.57), RCKY (-0.40) and CLDX (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Tandy Leather Factory, Inc. Common Stock (TLF) — Stock Correlations & Overview

Over the past year, TLF has moved most closely with ODD, MNKD, ALLT. Explore the stocks most correlated and inversely correlated with TLF below, along with its price, financials, and company profile.

Stocks correlated with TLF

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

Most correlated with TLF

Symbol	Company	Correlation
ODD	ODDITY Tech Ltd. Class A Ordinary Shares	0.53
MNKD	Mannkind CorporationPHARMACEUTICAL PREPARATIONS	0.51
ALLT	Allot Ltd. Ordinary Shares	0.50
DEO	Diageo plc	0.48
DRVN	Driven Brands Holdings Inc. Common StockSERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING	0.47

Most inversely correlated with TLF

Symbol	Company	Correlation
XWEL	XWELL, Inc. Common StockSERVICES-PERSONAL SERVICES	-0.57
RCKY	Rocky Brands, Inc.FOOTWEAR, (NO RUBBER)	-0.40
CLDX	Celldex Therapeutics, IncIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES	-0.34
YOU	Clear Secure, Inc.SERVICES-PREPACKAGED SOFTWARE	-0.32
LRMR	Larimar Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.32

Frequently asked questions about TLF correlations

Which stocks are most correlated with TLF?: Based on one year of daily returns, the stocks most correlated with Tandy Leather Factory, Inc. Common Stock (TLF) are ODD (0.53), MNKD (0.51) and ALLT (0.50). 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 TLF?: Over the past year, the stocks most inversely correlated with Tandy Leather Factory, Inc. Common Stock (TLF) are XWEL (-0.57), RCKY (-0.40) and CLDX (-0.34). 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 TLF correlations calculated?: We compute the correlation of daily returns between TLF 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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