Ulta Beauty, Inc. Common Stock (ULTA) — Stock Correlations & Overview
Over the past year, ULTA has moved most closely with XRT, RETL, FXD. Explore the stocks most correlated and inversely correlated with ULTA below, along with its price, financials, and company profile.
Stocks correlated with ULTA
Correlation of daily returns. Higher positive values move with ULTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ULTA
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 0.43 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.43 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.42 |
| FIVE | Five Below, Inc. Common StockRETAIL-VARIETY STORES | 0.41 |
| ONEW | OneWater Marine Inc. Class A Common StockRETAIL-AUTO & HOME SUPPLY STORES | 0.40 |
Most inversely correlated with ULTA
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.44 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.31 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.30 |
| MYY | ProShares Short MidCap400 | -0.30 |
Frequently asked questions about ULTA correlations
- Which stocks are most correlated with ULTA?
- Based on one year of daily returns, the stocks most correlated with Ulta Beauty, Inc. Common Stock (ULTA) are XRT (0.43), RETL (0.43) and FXD (0.42). 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 ULTA?
- Over the past year, the stocks most inversely correlated with Ulta Beauty, Inc. Common Stock (ULTA) are EMTY (-0.44), FLYD (-0.32) and HDGE (-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 ULTA correlations calculated?
- We compute the correlation of daily returns between ULTA 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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