Coastal Financial Corporation (CCB) — Stock Correlations & Overview
Over the past year, CCB has moved most closely with GBFH, RM, ALNY. Explore the stocks most correlated and inversely correlated with CCB below, along with its price, financials, and company profile.
Stocks correlated with CCB
Correlation of daily returns. Higher positive values move with CCB; negative values move opposite it. Informational only, not investment advice.
Most correlated with CCB
| Symbol | Company | Correlation |
|---|---|---|
| GBFH | GBank Financial Holdings Inc. Common StockSTATE COMMERCIAL BANKS | 0.69 |
| RM | REGIONAL MANAGEMENT CORPPERSONAL CREDIT INSTITUTIONS | 0.66 |
| ALNY | Alnylam Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.57 |
| RTO | Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) | 0.57 |
| TDOC | Teladoc Health, Inc.SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE | 0.56 |
Most inversely correlated with CCB
| Symbol | Company | Correlation |
|---|---|---|
| MKTX | MarketAxess Holdings Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.58 |
| CYCU | Cycurion, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | -0.52 |
| GCTK | GlucoTrack, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.42 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| CSHP | iShares Dynamic Short-Term Active ETF | -0.39 |
Frequently asked questions about CCB correlations
- Which stocks are most correlated with CCB?
- Based on one year of daily returns, the stocks most correlated with Coastal Financial Corporation (CCB) are GBFH (0.69), RM (0.66) and ALNY (0.57). 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 CCB?
- Over the past year, the stocks most inversely correlated with Coastal Financial Corporation (CCB) are MKTX (-0.58), CYCU (-0.52) and GCTK (-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 CCB correlations calculated?
- We compute the correlation of daily returns between CCB 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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