Which stocks are most correlated with TT?

Based on one year of daily returns, the stocks most correlated with Trane Technologies plc (TT) are MADE (0.76), DUSL (0.74) and XLI (0.74). 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 TT?

Over the past year, the stocks most inversely correlated with Trane Technologies plc (TT) are SIJ (-0.73), MYY (-0.58) and SMDD (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.

Trane Technologies plc (TT) — Stock Correlations & Overview

Over the past year, TT has moved most closely with MADE, DUSL, XLI. Explore the stocks most correlated and inversely correlated with TT below, along with its price, financials, and company profile.

Stocks correlated with TT

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

Most correlated with TT

Symbol	Company	Correlation
MADE	iShares U.S. Manufacturing ETF	0.76
DUSL	Direxion Daily Industrials Bull 3X ETF	0.74
XLI	State Street Industrial Select Sector SPDR ETF	0.74
UXI	ProShares Ultra Industrials	0.74
FIDU	Fidelity MSCI Industrials Index ETF	0.74

Most inversely correlated with TT

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.73
MYY	ProShares Short MidCap400	-0.58
SMDD	ProShares UltraPro Short MidCap400	-0.57
MZZ	ProShares UltraShort MidCap400	-0.57
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.55

Frequently asked questions about TT correlations

Which stocks are most correlated with TT?: Based on one year of daily returns, the stocks most correlated with Trane Technologies plc (TT) are MADE (0.76), DUSL (0.74) and XLI (0.74). 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 TT?: Over the past year, the stocks most inversely correlated with Trane Technologies plc (TT) are SIJ (-0.73), MYY (-0.58) and SMDD (-0.57). 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 TT correlations calculated?: We compute the correlation of daily returns between TT 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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