Which stocks are most correlated with TOAK?

Based on one year of daily returns, the stocks most correlated with Twin Oak Short Horizon Absolute Return ETF (TOAK) are BWEN (0.42), VSTS (0.41) and BZFD (0.40). 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 TOAK?

Over the past year, the stocks most inversely correlated with Twin Oak Short Horizon Absolute Return ETF (TOAK) are PSIX (-0.36), GTM (-0.32) and MVST (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Twin Oak Short Horizon Absolute Return ETF (TOAK) — Stock Correlations & Overview

Over the past year, TOAK has moved most closely with BWEN, VSTS, BZFD. Explore the stocks most correlated and inversely correlated with TOAK below, along with its price, financials, and company profile.

Stocks correlated with TOAK

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

Most correlated with TOAK

Symbol	Company	Correlation
BWEN	Broadwind, Inc. Common StockNONFERROUS FOUNDRIES (CASTINGS)	0.42
VSTS	Vestis CorporationWHOLESALE-MISCELLANEOUS NONDURABLE GOODS	0.41
BZFD	BuzzFeed, Inc. Class A Common StockCOMMUNICATIONS SERVICES, NEC	0.40
TLSI	TriSalus Life Sciences, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.38
REI	Ring Energy Inc.CRUDE PETROLEUM & NATURAL GAS	0.34

Most inversely correlated with TOAK

Symbol	Company	Correlation
PSIX	Power Solutions International, Inc. Common StockENGINES & TURBINES	-0.36
GTM	ZoomInfo Technologies Inc Common StockSERVICES-PREPACKAGED SOFTWARE	-0.32
MVST	Microvast Holdings, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	-0.30
BKYI	BIO-key International, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	-0.29
CDRE	Cadre Holdings, Inc.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES	-0.26

Frequently asked questions about TOAK correlations

Which stocks are most correlated with TOAK?: Based on one year of daily returns, the stocks most correlated with Twin Oak Short Horizon Absolute Return ETF (TOAK) are BWEN (0.42), VSTS (0.41) and BZFD (0.40). 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 TOAK?: Over the past year, the stocks most inversely correlated with Twin Oak Short Horizon Absolute Return ETF (TOAK) are PSIX (-0.36), GTM (-0.32) and MVST (-0.30). 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 TOAK correlations calculated?: We compute the correlation of daily returns between TOAK 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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