ZOETIS INC. (ZTS) — Stock Correlations & Overview
Over the past year, ZTS has moved most closely with PAHC, PAWZ, ENGN. Explore the stocks most correlated and inversely correlated with ZTS below, along with its price, financials, and company profile.
Stocks correlated with ZTS
Correlation of daily returns. Higher positive values move with ZTS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZTS
| Symbol | Company | Correlation |
|---|---|---|
| PAHC | Phibro Animal Health Corporation Class APHARMACEUTICAL PREPARATIONS | 0.60 |
| PAWZ | ProShares Pet Care ETF | 0.59 |
| ENGN | enGene Therapeutics Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.59 |
| IBP | INSTALLED BUILDING PRODUCTS, INC.GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS | 0.56 |
| TRDA | Entrada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.53 |
Most inversely correlated with ZTS
| Symbol | Company | Correlation |
|---|---|---|
| XMTR | Xometry, Inc. Class A Common StockSERVICES-BUSINESS SERVICES, NEC | -0.36 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.35 |
| RXD | ProShares UltraShort Health Care | -0.34 |
| HIMX | Himax Technologies, Inc. | -0.34 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.34 |
Frequently asked questions about ZTS correlations
- Which stocks are most correlated with ZTS?
- Based on one year of daily returns, the stocks most correlated with ZOETIS INC. (ZTS) are PAHC (0.60), PAWZ (0.59) and ENGN (0.59). 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 ZTS?
- Over the past year, the stocks most inversely correlated with ZOETIS INC. (ZTS) are XMTR (-0.36), EMTY (-0.35) and RXD (-0.34). 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 ZTS correlations calculated?
- We compute the correlation of daily returns between ZTS 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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