Which stocks are most correlated with CARG?

Based on one year of daily returns, the stocks most correlated with CarGurus, Inc. Class A Common Stock (CARG) are CARS (0.57), YELP (0.56) and IBUY (0.55). 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 CARG?

Over the past year, the stocks most inversely correlated with CarGurus, Inc. Class A Common Stock (CARG) are HDGE (-0.49), DWSH (-0.44) and FLYD (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

CarGurus, Inc. Class A Common Stock (CARG) — Stock Correlations & Overview

Over the past year, CARG has moved most closely with CARS, YELP, IBUY. Explore the stocks most correlated and inversely correlated with CARG below, along with its price, financials, and company profile.

Stocks correlated with CARG

Correlation of daily returns. Higher positive values move with CARG; negative values move opposite it. Informational only, not investment advice.

Most correlated with CARG

Symbol	Company	Correlation
CARS	Cars.com Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.57
YELP	YELP INC.SERVICES-PERSONAL SERVICES	0.56
IBUY	Amplify Online Retail ETF	0.55
MILN	Global X Funds Global X Millennial Consumer ETF	0.54
QNST	QuinStreet, Inc.SERVICES-BUSINESS SERVICES, NEC	0.53

Most inversely correlated with CARG

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.49
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.44
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.42
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.42
SCC	ProShares UltraShort Consumer Discretionary	-0.37

Frequently asked questions about CARG correlations

Which stocks are most correlated with CARG?: Based on one year of daily returns, the stocks most correlated with CarGurus, Inc. Class A Common Stock (CARG) are CARS (0.57), YELP (0.56) and IBUY (0.55). 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 CARG?: Over the past year, the stocks most inversely correlated with CarGurus, Inc. Class A Common Stock (CARG) are HDGE (-0.49), DWSH (-0.44) and FLYD (-0.42). 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 CARG correlations calculated?: We compute the correlation of daily returns between CARG 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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