Which stocks are most correlated with WALD?

Based on one year of daily returns, the stocks most correlated with Waldencast plc Class A Ordinary Share (WALD) are BHR (0.34), FLNC (0.34) and API (0.32). 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 WALD?

Over the past year, the stocks most inversely correlated with Waldencast plc Class A Ordinary Share (WALD) are STG (-0.25), EEV (-0.24) and EDZ (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Waldencast plc Class A Ordinary Share (WALD) — Stock Correlations & Overview

Over the past year, WALD has moved most closely with BHR, FLNC, API. Explore the stocks most correlated and inversely correlated with WALD below, along with its price, financials, and company profile.

Stocks correlated with WALD

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

Most correlated with WALD

Symbol	Company	Correlation
BHR	Braemar Hotels & Resorts Inc. Common StockREAL ESTATE INVESTMENT TRUSTS	0.34
FLNC	Fluence Energy, Inc. Class A Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.34
API	Agora, Inc. American Depositary Shares	0.32
WEST	Westrock Coffee Company Common StockBEVERAGES	0.30
NSIT	Insight Enterprises IncRETAIL-CATALOG & MAIL-ORDER HOUSES	0.30

Most inversely correlated with WALD

Symbol	Company	Correlation
STG	Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share	-0.25
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.24
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.24
EUM	ProShares Trust Short MSCI Emerging Markets	-0.23
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.22

Frequently asked questions about WALD correlations

Which stocks are most correlated with WALD?: Based on one year of daily returns, the stocks most correlated with Waldencast plc Class A Ordinary Share (WALD) are BHR (0.34), FLNC (0.34) and API (0.32). 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 WALD?: Over the past year, the stocks most inversely correlated with Waldencast plc Class A Ordinary Share (WALD) are STG (-0.25), EEV (-0.24) and EDZ (-0.24). 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 WALD correlations calculated?: We compute the correlation of daily returns between WALD 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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