Which stocks are most correlated with CARS?

Based on one year of daily returns, the stocks most correlated with Cars.com Inc. Common Stock (CARS) are CARG (0.57), VYX (0.52) and SQLV (0.50). 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 CARS?

Over the past year, the stocks most inversely correlated with Cars.com Inc. Common Stock (CARS) are HDGE (-0.50), DWSH (-0.44) and FLYD (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Cars.com Inc. Common Stock (CARS) — Stock Correlations & Overview

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

Stocks correlated with CARS

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

Most correlated with CARS

Symbol	Company	Correlation
CARG	CarGurus, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.57
VYX	NCR Voyix CorporationCALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS)	0.52
SQLV	Royce Quant Small-Cap Quality Value ETF	0.50
FYT	First Trust Small Cap Value AlphaDEX Fund	0.48
FOUR	Shift4 Payments, Inc.SERVICES-BUSINESS SERVICES, NEC	0.48

Most inversely correlated with CARS

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.50
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.44
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.41
SCC	ProShares UltraShort Consumer Discretionary	-0.39
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.38

Frequently asked questions about CARS correlations

Which stocks are most correlated with CARS?: Based on one year of daily returns, the stocks most correlated with Cars.com Inc. Common Stock (CARS) are CARG (0.57), VYX (0.52) and SQLV (0.50). 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 CARS?: Over the past year, the stocks most inversely correlated with Cars.com Inc. Common Stock (CARS) are HDGE (-0.50), DWSH (-0.44) and FLYD (-0.41). 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 CARS correlations calculated?: We compute the correlation of daily returns between CARS 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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