Avis Budget Group, Inc. (CAR) — Stock Correlations & Overview
Over the past year, CAR has moved most closely with GRCE, XTN, HTZ. Explore the stocks most correlated and inversely correlated with CAR below, along with its price, financials, and company profile.
Stocks correlated with CAR
Correlation of daily returns. Higher positive values move with CAR; negative values move opposite it. Informational only, not investment advice.
Most correlated with CAR
| Symbol | Company | Correlation |
|---|---|---|
| GRCE | Grace Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.54 |
| XTN | State Street SPDR S&P Transportation ETF | 0.45 |
| HTZ | Hertz Global Holdings, Inc Common StockSERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | 0.38 |
| MEDP | Medpace Holdings, Inc. Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | 0.37 |
| HTZWW | Hertz Global Holdings WarrantsSERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | 0.37 |
Most inversely correlated with CAR
| Symbol | Company | Correlation |
|---|---|---|
| REPL | Replimune Group, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.28 |
| TRT | Trio-Tech InternationalSPECIAL INDUSTRY MACHINERY, NEC | -0.27 |
| MCRI | Monarch Casino & Resort IncHOTELS & MOTELS | -0.26 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.24 |
Frequently asked questions about CAR correlations
- Which stocks are most correlated with CAR?
- Based on one year of daily returns, the stocks most correlated with Avis Budget Group, Inc. (CAR) are GRCE (0.54), XTN (0.45) and HTZ (0.38). 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 CAR?
- Over the past year, the stocks most inversely correlated with Avis Budget Group, Inc. (CAR) are REPL (-0.28), TRT (-0.27) and MCRI (-0.26). 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 CAR correlations calculated?
- We compute the correlation of daily returns between CAR 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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