MAX Auto Industry -3x Inverse Leveraged ETN (CARD) — Stock Correlations & Overview
Over the past year, CARD has moved most closely with SCC, SDD, SBB. Explore the stocks most correlated and inversely correlated with CARD below, along with its price, financials, and company profile.
Stocks correlated with CARD
Correlation of daily returns. Higher positive values move with CARD; negative values move opposite it. Informational only, not investment advice.
Most correlated with CARD
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | 0.79 |
| SDD | ProShares UltraShort SmallCap600 | 0.72 |
| SBB | ProShares Short SmallCap600 | 0.72 |
| TWM | ProShares UltraShort Russell2000 | 0.71 |
| SRTY | ProShares UltraPro Short Russell2000 | 0.71 |
Most inversely correlated with CARD
| Symbol | Company | Correlation |
|---|---|---|
| CARU | MAX Auto Industry 3x Leveraged ETNCOMMERCIAL BANKS, NEC | -0.99 |
| VCR | Vanguard Consumer Discretionary ETF | -0.81 |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | -0.81 |
| RXI | iShares Global Consumer Discretionary ETF | -0.80 |
| IYC | iShares U.S. Consumer Discretionary ETF | -0.79 |
Frequently asked questions about CARD correlations
- Which stocks are most correlated with CARD?
- Based on one year of daily returns, the stocks most correlated with MAX Auto Industry -3x Inverse Leveraged ETN (CARD) are SCC (0.79), SDD (0.72) and SBB (0.72). 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 CARD?
- Over the past year, the stocks most inversely correlated with MAX Auto Industry -3x Inverse Leveraged ETN (CARD) are CARU (-0.99), VCR (-0.81) and FDIS (-0.81). 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 CARD correlations calculated?
- We compute the correlation of daily returns between CARD 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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