Pair Trades for WWD (NASDAQ) - Woodward Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| IR nyse | 92.5% | 0.75 | Industrial Machinery.. |
| FLS nyse | 91.9% | 0.08 | Industrial Machinery.. |
| PH nyse | 91.0% | 1.51 | Industrial Machinery.. |
| ITT nyse | 87.6% | 2.03 | Industrial Machinery.. |
| PNR nyse | 85.6% | 0.35 | Industrial Machinery.. |
| CXT nyse | 81.5% | -1.49 | Industrial Machinery.. |
| SNA nyse | 76.7% | -0.08 | Industrial Machinery.. |
| SYM nasdaq | 76.1% | 2.53 | Industrial Machinery.. |
| NPWR nyse | 73.1% | -2.58 | Industrial Machinery.. |
| FIP nasdaq | 72.4% | -0.30 | Industrial Machinery.. |
| PRG nyse | 68.7% | -2.69 | Industrial Machinery.. |
| SWK nyse | 67.0% | 0.44 | Industrial Machinery.. |
| GTLS nyse | 62.9% | -0.86 | Industrial Machinery.. |
| MLI nyse | 62.8% | -0.35 | Industrial Machinery.. |
| GGG nyse | 62.2% | -0.56 | Industrial Machinery.. |
| EPAC nyse | 56.3% | -0.30 | Industrial Machinery.. |
| CECO nasdaq | 54.5% | 3.56 | Industrial Machinery.. |
| ITW nyse | 52.8% | -0.04 | Industrial Machinery.. |
| RKLB nasdaq | 50.1% | -2.01 | Industrial Machinery.. |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SMR nyse | -82.4% | -10.33 | Industrial Machinery.. |
| PL nyse | -78.2% | -7.02 | Industrial Machinery.. |
| SHYF nasdaq | -76.0% | -9.14 | Industrial Machinery.. |
| LXFR nyse | -73.1% | -6.58 | Industrial Machinery.. |
| LLAP nyse | -71.5% | -4.69 | Industrial Machinery.. |
| FREY nyse | -67.4% | -14.22 | Industrial Machinery.. |
| DFLI nasdaq | -65.7% | -16.52 | Industrial Machinery.. |
| XOS nasdaq | -62.2% | 28.42 | Industrial Machinery.. |
| SLDP nasdaq | -60.2% | -5.76 | Industrial Machinery.. |
| B nyse | -57.6% | -4.76 | Industrial Machinery.. |
| IEX nyse | -51.6% | -0.82 | Industrial Machinery.. |
| HLIO nyse | -46.9% | -4.62 | Industrial Machinery.. |
| MIDD nasdaq | -39.7% | -1.49 | Industrial Machinery.. |
| GTES nyse | -36.6% | -1.05 | Industrial Machinery.. |
| XYL nyse | -31.1% | -0.70 | Industrial Machinery.. |
| LEV nyse | -29.7% | -2.75 | Industrial Machinery.. |
| UHAL-B nyse | -28.6% | 0.25 | Industrial Machinery.. |
| HI nyse | -20.0% | -3.40 | Industrial Machinery.. |
| DCI nyse | -17.5% | -0.52 | Industrial Machinery.. |
| KMT nyse | -14.8% | -2.01 | Industrial Machinery.. |
| DOV nyse | -14.1% | -0.55 | Industrial Machinery.. |
| KRNT nasdaq | -2.1% | -4.04 | Industrial Machinery.. |
| TKR nyse | -1.8% | -1.49 | Industrial Machinery.. |
| NVRI nyse | 0.2% | -3.56 | Industrial Machinery.. |
| HLMN nasdaq | 5.4% | -1.86 | Industrial Machinery.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| LII nyse | 95.9% | 2.55 | Building Products |
| XPO nyse | 95.8% | 4.65 | Air Freight & Logist.. |
| ETN nyse | 94.4% | 1.33 | Electrical Component.. |
| VRT nyse | 94.0% | 7.15 | Electrical Component.. |
| SKYW nasdaq | 93.7% | 2.94 | Passenger Airlines |
| IR nyse | 92.5% | 0.75 | Industrial Machinery.. |
| FERG nyse | 92.2% | 1.01 | Trading Companies &.. |
| SAIA nasdaq | 92.1% | 2.21 | Trucking |
| FLS nyse | 91.9% | 0.08 | Industrial Machinery.. |
| CRS nyse | 91.8% | 2.14 | Steel |
| WMS nyse | 91.8% | 0.87 | Building Products |
| ACHR nyse | 91.7% | 5.96 | Aerospace & Defense |
| GASS nasdaq | 91.6% | 6.75 | Oil & Gas Storage &.. |
| VRSK nasdaq | 91.6% | 0.04 | Research & Consultin.. |
| STRL nasdaq | 91.4% | 1.64 | Construction & Engin.. |
| PH nyse | 91.0% | 1.51 | Industrial Machinery.. |
| PCAR nasdaq | 90.7% | 1.61 | Construction Machine.. |
| OC nyse | 90.6% | 1.11 | Building Products |
| BWXT nyse | 90.4% | 1.28 | Aerospace & Defense |
| ZWS nyse | 90.3% | 0.98 | Building Products |
| CNM nyse | 90.0% | 1.89 | Trading Companies &.. |
| APG nyse | 89.5% | 1.51 | Construction & Engin.. |
| PRIM nyse | 89.4% | 0.03 | Construction & Engin.. |
| PRIM nasdaq | 89.4% | 0.03 | Construction & Engin.. |
| FTAI nasdaq | 89.3% | 3.30 | Trading Companies &.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| TPIC nasdaq | -83.5% | -15.88 | Heavy Electrical Equ.. |
| SMR nyse | -82.4% | -10.33 | Industrial Machinery.. |
| MRCY nasdaq | -81.5% | -2.73 | Aerospace & Defense |
| ESGL nyse arca | -78.9% | -28.23 | Waste Management |
| ESGL nasdaq | -78.9% | -28.23 | Waste Management |
| RTX nyse | -78.6% | -2.55 | Aerospace & Defense |
| PL nyse | -78.2% | -7.02 | Industrial Machinery.. |
| TTC nyse | -77.8% | -2.75 | Agricultural & Farm.. |
| SST nyse | -77.5% | -12.01 | Interactive Media &.. |
| FCEL nasdaq | -77.2% | -6.94 | Electrical Component.. |
| CYRX nasdaq | -77.1% | -3.83 | Health Care Equipmen.. |
| SHYF nasdaq | -76.0% | -9.14 | Industrial Machinery.. |
| ULCC nasdaq | -75.8% | -8.10 | Passenger Airlines |
| BLNK nasdaq | -74.6% | -8.82 | Automotive Retail |
| LXFR nyse | -73.1% | -6.58 | Industrial Machinery.. |
| ZIM nyse | -72.6% | -6.96 | Marine Transportatio.. |
| TBI nyse | -72.0% | -2.85 | Human Resource & Emp.. |
| LLAP nyse | -71.5% | -4.69 | Industrial Machinery.. |
| UP nyse | -71.4% | -3.96 | Trucking |
| EVTL nyse | -71.2% | -11.46 | Aerospace & Defense |
| FWRD nasdaq | -71.0% | -5.28 | Air Freight & Logist.. |
| LMT nyse | -70.1% | -1.13 | Aerospace & Defense |
| EAF nyse | -70.0% | -6.83 | Electrical Component.. |
| BLDP nasdaq | -69.9% | -2.48 | Electrical Component.. |
| CTRM nasdaq | -69.8% | -1.58 | Marine Shipping |