BGM Group Ltd. Class A Ordinary Shares (BGM) — Stock Correlations & Overview
Over the past year, BGM has moved most closely with RCpE, ONBPP, ADV. Explore the stocks most correlated and inversely correlated with BGM below, along with its price, financials, and company profile.
Stocks correlated with BGM
Correlation of daily returns. Higher positive values move with BGM; negative values move opposite it. Informational only, not investment advice.
Most correlated with BGM
| Symbol | Company | Correlation |
|---|---|---|
| RCpE | Ready Capital Corporation 6.50% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.30 |
| ONBPP | Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock | 0.29 |
| ADV | Advantage Solutions Inc. Class A Common StockSERVICES-BUSINESS SERVICES, NEC | 0.29 |
| XOVR | EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF | 0.27 |
| FRSH | Freshworks Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.27 |
Most inversely correlated with BGM
| Symbol | Company | Correlation |
|---|---|---|
| IBO | Impact BioMedical, Inc.PHARMACEUTICAL PREPARATIONS | -0.28 |
| SLAB | Silicon Laboratories IncSEMICONDUCTORS & RELATED DEVICES | -0.26 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.23 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.20 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.19 |
Frequently asked questions about BGM correlations
- Which stocks are most correlated with BGM?
- Based on one year of daily returns, the stocks most correlated with BGM Group Ltd. Class A Ordinary Shares (BGM) are RCpE (0.30), ONBPP (0.29) and ADV (0.29). 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 BGM?
- Over the past year, the stocks most inversely correlated with BGM Group Ltd. Class A Ordinary Shares (BGM) are IBO (-0.28), SLAB (-0.26) and WEBS (-0.23). 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 BGM correlations calculated?
- We compute the correlation of daily returns between BGM 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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