Which stocks are most correlated with WFG?

Based on one year of daily returns, the stocks most correlated with West Fraser Timber Co. Ltd (WFG) are LPX (0.68), CUT (0.62) and BCC (0.62). 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 WFG?

Over the past year, the stocks most inversely correlated with West Fraser Timber Co. Ltd (WFG) are SMN (-0.56), EMTY (-0.41) and SMDD (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

West Fraser Timber Co. Ltd (WFG) — Stock Correlations & Overview

Over the past year, WFG has moved most closely with LPX, CUT, BCC. Explore the stocks most correlated and inversely correlated with WFG below, along with its price, financials, and company profile.

Stocks correlated with WFG

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

Most correlated with WFG

Symbol	Company	Correlation
LPX	Louisiana-Pacific Corp.LUMBER & WOOD PRODUCTS (NO FURNITURE)	0.68
CUT	Invesco MSCI Global Timber ETFINVESTMENT ADVICE	0.62
BCC	Boise Cascade CompanyWHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS	0.62
BLDR	Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS	0.62
WY	Weyerhaeuser CompanyREAL ESTATE INVESTMENT TRUSTS	0.61

Most inversely correlated with WFG

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.56
EMTY	ProShares Decline of the Retail Store ETF	-0.41
SMDD	ProShares UltraPro Short MidCap400	-0.41
MYY	ProShares Short MidCap400	-0.41
MZZ	ProShares UltraShort MidCap400	-0.41

Frequently asked questions about WFG correlations

Which stocks are most correlated with WFG?: Based on one year of daily returns, the stocks most correlated with West Fraser Timber Co. Ltd (WFG) are LPX (0.68), CUT (0.62) and BCC (0.62). 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 WFG?: Over the past year, the stocks most inversely correlated with West Fraser Timber Co. Ltd (WFG) are SMN (-0.56), EMTY (-0.41) and SMDD (-0.41). 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 WFG correlations calculated?: We compute the correlation of daily returns between WFG 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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