Which stocks are most correlated with TREX?

Based on one year of daily returns, the stocks most correlated with Trex Company, Inc. (TREX) are OC (0.66), PRGO (0.63) and LPX (0.63). 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 TREX?

Over the past year, the stocks most inversely correlated with Trex Company, Inc. (TREX) are MTC (-0.54), SMDD (-0.44) and MZZ (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Trex Company, Inc. (TREX) — Stock Correlations & Overview

Over the past year, TREX has moved most closely with OC, PRGO, LPX. Explore the stocks most correlated and inversely correlated with TREX below, along with its price, financials, and company profile.

Stocks correlated with TREX

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

Most correlated with TREX

Symbol	Company	Correlation
OC	Owens CorningABRASIVE, ASBESTOS & MISC NONMETALLIC MINERAL PRODS	0.66
PRGO	PERRIGO COMPANY PLCPHARMACEUTICAL PREPARATIONS	0.63
LPX	Louisiana-Pacific Corp.LUMBER & WOOD PRODUCTS (NO FURNITURE)	0.63
WWW	Wolverine World Wide, Inc.FOOTWEAR, (NO RUBBER)	0.62
MBC	MasterBrand, Inc.WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED)	0.61

Most inversely correlated with TREX

Symbol	Company	Correlation
MTC	MMTec, Inc. Common Shares	-0.54
SMDD	ProShares UltraPro Short MidCap400	-0.44
MZZ	ProShares UltraShort MidCap400	-0.44
MYY	ProShares Short MidCap400	-0.44
SIJ	ProShares UltraShort Industrials	-0.41

Frequently asked questions about TREX correlations

Which stocks are most correlated with TREX?: Based on one year of daily returns, the stocks most correlated with Trex Company, Inc. (TREX) are OC (0.66), PRGO (0.63) and LPX (0.63). 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 TREX?: Over the past year, the stocks most inversely correlated with Trex Company, Inc. (TREX) are MTC (-0.54), SMDD (-0.44) and MZZ (-0.44). 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 TREX correlations calculated?: We compute the correlation of daily returns between TREX 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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