ACV Auctions Inc. (ACVA) — Stock Correlations & Overview
Over the past year, ACVA has moved most closely with PRKS, PRCH, PRTH. Explore the stocks most correlated and inversely correlated with ACVA below, along with its price, financials, and company profile.
Stocks correlated with ACVA
Correlation of daily returns. Higher positive values move with ACVA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACVA
| Symbol | Company | Correlation |
|---|---|---|
| PRKS | United Parks & Resorts Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | 0.54 |
| PRCH | Porch Group, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.51 |
| PRTH | Priority Technology Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC | 0.51 |
| RELY | Remitly Global, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | 0.49 |
| DASH | DoorDash, Inc. Class A Common StockSERVICES-BUSINESS SERVICES, NEC | 0.48 |
Most inversely correlated with ACVA
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.42 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.34 |
| INVA | Innoviva, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.33 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.32 |
| BHFAP | Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series ALIFE INSURANCE | -0.28 |
Frequently asked questions about ACVA correlations
- Which stocks are most correlated with ACVA?
- Based on one year of daily returns, the stocks most correlated with ACV Auctions Inc. (ACVA) are PRKS (0.54), PRCH (0.51) and PRTH (0.51). 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 ACVA?
- Over the past year, the stocks most inversely correlated with ACV Auctions Inc. (ACVA) are HDGE (-0.42), DWSH (-0.34) and INVA (-0.33). 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 ACVA correlations calculated?
- We compute the correlation of daily returns between ACVA 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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