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Do you worry about stock market volatility when choosing among companies? One idea is to consider their correlation with volatility. With this idea in mind, we ran a screen.

We began by screening the retail industry for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.

We then screened for those with strong positive correlations to the volatility (VIX) index over the last two months. This indicates that these stocks have tended to outperform when market uncertainty and volatility spiked. This may bode well if the market sees more volatility in the future. Of course, past performance is no guarantee of future returns.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these companies offer less risk? Use this list as a starting point for your own analysis.

List sorted by correlation to VIX index.

1. Charming Shoppes Inc. (NASDAQ:CHRS): Operates as a specialty apparel retailer primarily for women in the United States. Market cap at $864.91M, most recent closing price at $7.40. The stock is currently trading 0.76% above its 20-day moving average, 9.03% above its 50-day MA, and 50.44% above its 200-day MA. Correlation with the VIX index at 0.769 over the last 60 days.

2. The Sherwin-Williams Company (NYSE:SHW): Engages in the development, manufacture, distribution, and sale of paints, coatings, and related products primarily in North and South America, the Caribbean region, Europe, and Asia. Market cap at $13.43B, most recent closing price at $129.99. The stock is currently trading 2.51% above its 20-day moving average, 6.56% above its 50-day MA, and 33.05% above its 200-day MA. Correlation with the VIX index at 0.703 over the last 60 days.

3. Collective Brands, Inc. (NYSE:PSS): Engages in the wholesale and retail of footwear and related accessories worldwide. Market cap at $1.3B, most recent closing price at $21.26. The stock is currently trading 0.32% above its 20-day moving average, 3.32% above its 50-day MA, and 28.36% above its 200-day MA. Correlation with the VIX index at 0.669 over the last 60 days.

4. Wal-Mart Stores Inc. (NYSE:WMT): Operates retail stores in various formats worldwide. Market cap at $226.93B, most recent closing price at $67.07. The stock is currently trading 3.76% above its 20-day moving average, 9.49% above its 50-day MA, and 16.23% above its 200-day MA. Correlation with the VIX index at 0.605 over the last 60 days.

5. Ross Stores Inc. (NASDAQ:ROST): Operates off-price retail apparel and home accessories stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Market cap at $14.49B, most recent closing price at $64.24. The stock is currently trading 4.81% above its 20-day moving average, 6.97% above its 50-day MA, and 29.49% above its 200-day MA. Correlation with the VIX index at 0.583 over the last 60 days.

6. Brown Shoe Co. Inc. (NYSE:BWS): Operates as a footwear retailer and wholesaler primarily in the in the United States, Canada, China, and Guam. Market cap at $480.89M, most recent closing price at $11.22. The stock is currently trading 2.05% above its 20-day moving average, 17.29% above its 50-day MA, and 29.41% above its 200-day MA. Correlation with the VIX index at 0.57 over the last 60 days.

7. Family Dollar Stores Inc. (NYSE:FDO): Operates a chain of self-service retail discount stores primarily for low and middle income consumers in the United States. Market cap at $8.18B, most recent closing price at $70.08. The stock is currently trading 8.31% above its 20-day moving average, 8.89% above its 50-day MA, and 24.36% above its 200-day MA. Correlation with the VIX index at 0.564 over the last 60 days.

8. Skechers USA Inc. (NYSE:SKX): Engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. Market cap at $1.01B, most recent closing price at $20.20. The stock is currently trading 13.76% above its 20-day moving average, 22.13% above its 50-day MA, and 41.63% above its 200-day MA. Correlation with the VIX index at 0.535 over the last 60 days.

9. Sally Beauty Holdings Inc. (NYSE:SBH): Engages in the distribution and retail of professional beauty supplies. Market cap at $4.93B, most recent closing price at $26.36. The stock is currently trading 0.57% above its 20-day moving average, 1.29% above its 50-day MA, and 21.31% above its 200-day MA. Correlation with the VIX index at 0.531 over the last 60 days.

*Price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 9 Rallying Retail Stocks Positively Correlated To Volatility