Turning Point Brands, Inc. (TPB) — Stock Correlations & Overview
Over the past year, TPB has moved most closely with PM, KXI, PSL. Explore the stocks most correlated and inversely correlated with TPB below, along with its price, financials, and company profile.
Stocks correlated with TPB
Correlation of daily returns. Higher positive values move with TPB; negative values move opposite it. Informational only, not investment advice.
Most correlated with TPB
| Symbol | Company | Correlation |
|---|---|---|
| PM | Philip Morris International Inc.CIGARETTES | 0.38 |
| KXI | iShares Global Consumer Staples ETF | 0.35 |
| PSL | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Staples Momentum ETF | 0.33 |
| HD | Home Depot, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | 0.32 |
| XLSI | State Street Consumer Staples Select Sector SPDR Premium Income ETF | 0.32 |
Most inversely correlated with TPB
| Symbol | Company | Correlation |
|---|---|---|
| TMDE | TMD Energy Limited | -0.36 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.34 |
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | -0.32 |
| DBO | Invesco DB Oil FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.32 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.32 |
Frequently asked questions about TPB correlations
- Which stocks are most correlated with TPB?
- Based on one year of daily returns, the stocks most correlated with Turning Point Brands, Inc. (TPB) are PM (0.38), KXI (0.35) and PSL (0.33). 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 TPB?
- Over the past year, the stocks most inversely correlated with Turning Point Brands, Inc. (TPB) are TMDE (-0.36), DBE (-0.34) and TPET (-0.32). 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 TPB correlations calculated?
- We compute the correlation of daily returns between TPB 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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