Valmont Industries, Inc. (VMI) — Stock Correlations & Overview
Over the past year, VMI has moved most closely with PAVE, LOPP, AIRR. Explore the stocks most correlated and inversely correlated with VMI below, along with its price, financials, and company profile.
Stocks correlated with VMI
Correlation of daily returns. Higher positive values move with VMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with VMI
| Symbol | Company | Correlation |
|---|---|---|
| PAVE | Global X U.S. Infrastructure Development ETF | 0.73 |
| LOPP | Gabelli Love Our Planet & People ETF | 0.70 |
| AIRR | First Trust RBA American Industrial Renaissance ETF | 0.70 |
| PKB | Invesco Building & Construction ETF | 0.68 |
| PSCI | Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE | 0.67 |
Frequently asked questions about VMI correlations
- Which stocks are most correlated with VMI?
- Based on one year of daily returns, the stocks most correlated with Valmont Industries, Inc. (VMI) are PAVE (0.73), LOPP (0.70) and AIRR (0.70). 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 VMI?
- Over the past year, the stocks most inversely correlated with Valmont Industries, Inc. (VMI) are SIJ (-0.63), SMDD (-0.62) and MZZ (-0.62). 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 VMI correlations calculated?
- We compute the correlation of daily returns between VMI 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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