John Wiley & Sons, Inc. Class A (WLY) — Stock Correlations & Overview
Over the past year, WLY has moved most closely with PAYX, ADP, TRI. Explore the stocks most correlated and inversely correlated with WLY below, along with its price, financials, and company profile.
Stocks correlated with WLY
Correlation of daily returns. Higher positive values move with WLY; negative values move opposite it. Informational only, not investment advice.
Most correlated with WLY
| Symbol | Company | Correlation |
|---|---|---|
| PAYX | Paychex IncSERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT | 0.47 |
| ADP | Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.45 |
| TRI | Thomson Reuters Corporation Common Shares | 0.43 |
| MMI | MARCUS & MILLICHAPREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | 0.43 |
| SOVF | Sovereign's Capital Flourish Fund | 0.43 |
Most inversely correlated with WLY
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.44 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.42 |
| MDCX | Medicus Pharma Ltd. Common StockPHARMACEUTICAL PREPARATIONS | -0.31 |
| PWR | Quanta Services, Inc.ELECTRICAL WORK | -0.30 |
| CIEN | Ciena CorporationTELEPHONE & TELEGRAPH APPARATUS | -0.29 |
Frequently asked questions about WLY correlations
- Which stocks are most correlated with WLY?
- Based on one year of daily returns, the stocks most correlated with John Wiley & Sons, Inc. Class A (WLY) are PAYX (0.47), ADP (0.45) and TRI (0.43). 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 WLY?
- Over the past year, the stocks most inversely correlated with John Wiley & Sons, Inc. Class A (WLY) are HDGE (-0.44), DWSH (-0.42) and MDCX (-0.31). 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 WLY correlations calculated?
- We compute the correlation of daily returns between WLY 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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