Waste Connections, Inc. (WCN) — Stock Correlations & Overview
Over the past year, WCN has moved most closely with RSG, WM, HUSV. Explore the stocks most correlated and inversely correlated with WCN below, along with its price, financials, and company profile.
Stocks correlated with WCN
Correlation of daily returns. Higher positive values move with WCN; negative values move opposite it. Informational only, not investment advice.
Most correlated with WCN
| Symbol | Company | Correlation |
|---|---|---|
| RSG | Republic Services Inc.REFUSE SYSTEMS | 0.75 |
| WM | Waste Management, Inc.REFUSE SYSTEMS | 0.72 |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 0.56 |
| SPLV | Invesco S&P 500 Low Volatility ETF | 0.54 |
| EASY | Liberty One Defensive Dividend Growth ETF | 0.53 |
Most inversely correlated with WCN
| Symbol | Company | Correlation |
|---|---|---|
| CGNX | Cognex CorpINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | -0.41 |
| MULL | GraniteShares 2x Long MU Daily ETF | -0.36 |
| MUU | Direxion Shares ETF Trust Direxion Daily MU Bull 2X ETF | -0.36 |
| MU | Micron Technology, Inc.SEMICONDUCTORS & RELATED DEVICES | -0.36 |
| REK | ProShares Short Real Estate | -0.35 |
Frequently asked questions about WCN correlations
- Which stocks are most correlated with WCN?
- Based on one year of daily returns, the stocks most correlated with Waste Connections, Inc. (WCN) are RSG (0.75), WM (0.72) and HUSV (0.56). 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 WCN?
- Over the past year, the stocks most inversely correlated with Waste Connections, Inc. (WCN) are CGNX (-0.41), MULL (-0.36) and MUU (-0.36). 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 WCN correlations calculated?
- We compute the correlation of daily returns between WCN 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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