Tradeweb Markets Inc. Class A Common Stock (TW) — Stock Correlations & Overview
Over the past year, TW has moved most closely with CME, ICE, ADP. Explore the stocks most correlated and inversely correlated with TW below, along with its price, financials, and company profile.
Stocks correlated with TW
Correlation of daily returns. Higher positive values move with TW; negative values move opposite it. Informational only, not investment advice.
Most correlated with TW
| Symbol | Company | Correlation |
|---|---|---|
| CME | CME Group Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | 0.47 |
| ICE | Intercontinental Exchange Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | 0.45 |
| ADP | Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.37 |
| NDAQ | Nasdaq, Inc. Common StockSECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | 0.36 |
| MORN | Morningstar, Inc.INVESTMENT ADVICE | 0.36 |
Most inversely correlated with TW
| Symbol | Company | Correlation |
|---|---|---|
| MU | Micron Technology, Inc.SEMICONDUCTORS & RELATED DEVICES | -0.32 |
| MUU | Direxion Shares ETF Trust Direxion Daily MU Bull 2X ETF | -0.32 |
| MULL | GraniteShares 2x Long MU Daily ETF | -0.31 |
| AMAT | Applied Materials IncSEMICONDUCTORS & RELATED DEVICES | -0.29 |
| NVCT | Nuvectis Pharma, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.29 |
Frequently asked questions about TW correlations
- Which stocks are most correlated with TW?
- Based on one year of daily returns, the stocks most correlated with Tradeweb Markets Inc. Class A Common Stock (TW) are CME (0.47), ICE (0.45) and ADP (0.37). 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 TW?
- Over the past year, the stocks most inversely correlated with Tradeweb Markets Inc. Class A Common Stock (TW) are MU (-0.32), MUU (-0.32) and MULL (-0.31). 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 TW correlations calculated?
- We compute the correlation of daily returns between TW 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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