Wolverine World Wide, Inc. (WWW) — Stock Correlations & Overview
Over the past year, WWW has moved most closely with TREX, PRGO, FXD. Explore the stocks most correlated and inversely correlated with WWW below, along with its price, financials, and company profile.
Stocks correlated with WWW
Correlation of daily returns. Higher positive values move with WWW; negative values move opposite it. Informational only, not investment advice.
Most correlated with WWW
| Symbol | Company | Correlation |
|---|---|---|
| TREX | Trex Company, Inc.LUMBER & WOOD PRODUCTS (NO FURNITURE) | 0.62 |
| PRGO | PERRIGO COMPANY PLCPHARMACEUTICAL PREPARATIONS | 0.54 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.53 |
| ADNT | Adient plc Ordinary SharesMOTOR VEHICLE PARTS & ACCESSORIES | 0.52 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.52 |
Most inversely correlated with WWW
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| MTC | MMTec, Inc. Common Shares | -0.40 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.39 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.39 |
Frequently asked questions about WWW correlations
- Which stocks are most correlated with WWW?
- Based on one year of daily returns, the stocks most correlated with Wolverine World Wide, Inc. (WWW) are TREX (0.62), PRGO (0.54) and FXD (0.53). 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 WWW?
- Over the past year, the stocks most inversely correlated with Wolverine World Wide, Inc. (WWW) are FLYD (-0.45), HDGE (-0.43) and MTC (-0.40). 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 WWW correlations calculated?
- We compute the correlation of daily returns between WWW 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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