TENNANT COMPANY (TNC) — Stock Correlations & Overview

Over the past year, TNC has moved most closely with AWI, SHLS, KWR. Explore the stocks most correlated and inversely correlated with TNC below, along with its price, financials, and company profile.

Stocks correlated with TNC

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

Most correlated with TNC

SymbolCompanyCorrelation
AWIArmstrong World Industries, Inc.PLASTICS PRODUCTS, NEC0.57
SHLSShoals Technologies Group, Inc. Class A Common StockSEMICONDUCTORS & RELATED DEVICES0.46
KWRQuaker HoughtonMISCELLANEOUS PRODUCTS OF PETROLEUM & COAL0.45
WHRWhirlpool Corp.HOUSEHOLD APPLIANCES0.43
RWJInvesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE0.43

Most inversely correlated with TNC

SymbolCompanyCorrelation
SBBProShares Short SmallCap600-0.41
SDDProShares UltraShort SmallCap600-0.39
SMDDProShares UltraPro Short MidCap400-0.36
MYYProShares Short MidCap400-0.35
MZZProShares UltraShort MidCap400-0.35

Frequently asked questions about TNC correlations

Which stocks are most correlated with TNC?
Based on one year of daily returns, the stocks most correlated with TENNANT COMPANY (TNC) are AWI (0.57), SHLS (0.46) and KWR (0.45). 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 TNC?
Over the past year, the stocks most inversely correlated with TENNANT COMPANY (TNC) are SBB (-0.41), SDD (-0.39) and SMDD (-0.36). 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 TNC correlations calculated?
We compute the correlation of daily returns between TNC 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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