Tootsie Roll Industries, Inc. (TR) — Stock Correlations & Overview
Over the past year, TR has moved most closely with FSTA, PSCC, VDC. Explore the stocks most correlated and inversely correlated with TR below, along with its price, financials, and company profile.
Stocks correlated with TR
Correlation of daily returns. Higher positive values move with TR; negative values move opposite it. Informational only, not investment advice.
Most correlated with TR
| Symbol | Company | Correlation |
|---|---|---|
| FSTA | Fidelity MSCI Consumer Staples Index ETF | 0.47 |
| PSCC | Invesco S&P SmallCap Consumer Staples ETFINVESTMENT ADVICE | 0.47 |
| VDC | Vanguard Consumer Staples ETF | 0.46 |
| FXG | First Trust Consumer Staples AlphaDEX Fund | 0.45 |
| KXI | iShares Global Consumer Staples ETF | 0.45 |
Most inversely correlated with TR
| Symbol | Company | Correlation |
|---|---|---|
| SZK | ProShares UltraShort Consumer Staples | -0.45 |
| TRFK | Pacer Data and Digital Revolution ETF | -0.33 |
| CHPX | Global X AI Semiconductor & Quantum ETF | -0.33 |
| TSXU | Direxion Daily Semiconductors Top 5 Bull 2X ETF | -0.32 |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | -0.31 |
Frequently asked questions about TR correlations
- Which stocks are most correlated with TR?
- Based on one year of daily returns, the stocks most correlated with Tootsie Roll Industries, Inc. (TR) are FSTA (0.47), PSCC (0.47) and VDC (0.46). 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 TR?
- Over the past year, the stocks most inversely correlated with Tootsie Roll Industries, Inc. (TR) are SZK (-0.45), TRFK (-0.33) and CHPX (-0.33). 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 TR correlations calculated?
- We compute the correlation of daily returns between TR 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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