BMI Badger Meter, Inc.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

BMI vs FIW

Both indexed to 100 at 2026-05-11.

BMI FIW · range 95–141 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

FIW First Trust Water ETF

ρ +0.60beyond mkt +0.36holdout +0.59stable 100%robust

CGW Invesco S&P Global Water Index ETF

ρ +0.54beyond mkt +0.31holdout +0.50stable 100%robust

MWA Mueller Water Products, Inc.

ρ +0.54beyond mkt +0.28holdout +0.51stable 100%robust

XYL Xylem Inc

ρ +0.55beyond mkt +0.28holdout +0.56stable 100%robust

WTS Watts Water Technologies, Inc. Class A

ρ +0.52beyond mkt +0.27holdout +0.43stable 100%robust

RSMC Rockefeller U.S. Small-Mid Cap ETF

ρ +0.57beyond mkt +0.24holdout +0.46stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.38beyond mkt -0.07holdout -0.32stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.40beyond mkt -0.03holdout -0.35stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

ZTR Virtus Total Return Fund Inc.

horizon 5dρ +0.31holdout +0.30stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.57recent -0.23prior +0.34beyond mkt +0.05

PRLB PROTO LABS, INC.

Δ -0.57recent -0.11prior +0.45beyond mkt +0.05

MBLY Mobileye Global Inc. Class A Common Stock

Δ -0.56recent -0.25prior +0.32beyond mkt -0.02

MOD Modine Manufacturing Co

Δ -0.54recent -0.22prior +0.32beyond mkt -0.04

SWKS Skyworks Solutions, Inc. Common Stock

Δ -0.54recent -0.22prior +0.32beyond mkt +0.02

BCUS Bancreek U.S. Large Cap ETF

Δ -0.54recent -0.06prior +0.48beyond mkt -0.05

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
FIW First Trust Water ETF	+0.36	+0.60	7