Veralto Corporation (VLTO) — Stock Correlations & Overview
Over the past year, VLTO has moved most closely with RUNN, FTCS, DSTL. Explore the stocks most correlated and inversely correlated with VLTO below, along with its price, financials, and company profile.
Stocks correlated with VLTO
Correlation of daily returns. Higher positive values move with VLTO; negative values move opposite it. Informational only, not investment advice.
Most correlated with VLTO
| Symbol | Company | Correlation |
|---|---|---|
| RUNN | Strategic Trust Running Oak Efficient Growth ETF | 0.55 |
| FTCS | First Trust Capital Strength ETF | 0.54 |
| DSTL | Distillate U.S. Fundamental Stability & Value ETF | 0.53 |
| ADP | Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.52 |
| PHO | Invesco Water Resources ETF | 0.52 |
Most inversely correlated with VLTO
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.42 |
| RXD | ProShares UltraShort Health Care | -0.38 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| SKF | ProShares UltraShort Financials | -0.33 |
Frequently asked questions about VLTO correlations
- Which stocks are most correlated with VLTO?
- Based on one year of daily returns, the stocks most correlated with Veralto Corporation (VLTO) are RUNN (0.55), FTCS (0.54) and DSTL (0.53). 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 VLTO?
- Over the past year, the stocks most inversely correlated with Veralto Corporation (VLTO) are HDGE (-0.43), DWSH (-0.42) and RXD (-0.38). 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 VLTO correlations calculated?
- We compute the correlation of daily returns between VLTO 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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