Carnival Corporation Ltd. (CCL) — Stock Correlations & Overview
Over the past year, CCL has moved most closely with NCLH, FLYU, RCL. Explore the stocks most correlated and inversely correlated with CCL below, along with its price, financials, and company profile.
Stocks correlated with CCL
Correlation of daily returns. Higher positive values move with CCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with CCL
| Symbol | Company | Correlation |
|---|---|---|
| NCLH | Norwegian Cruise Line Holdings Ltd. Ordinary SharesWATER TRANSPORTATION | 0.82 |
| FLYU | MicroSectors Travel 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.80 |
| RCL | Royal Caribbean GroupWATER TRANSPORTATION | 0.79 |
| JETS | U.S. Global Jets ETF | 0.77 |
| VIK | Viking Holdings Ltd | 0.75 |
Most inversely correlated with CCL
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.81 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.64 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.64 |
| DXD | ProShares UltraShort Dow 30 | -0.64 |
Frequently asked questions about CCL correlations
- Which stocks are most correlated with CCL?
- Based on one year of daily returns, the stocks most correlated with Carnival Corporation Ltd. (CCL) are NCLH (0.82), FLYU (0.80) and RCL (0.79). 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 CCL?
- Over the past year, the stocks most inversely correlated with Carnival Corporation Ltd. (CCL) are FLYD (-0.81), JETD (-0.74) and SDOW (-0.64). 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 CCL correlations calculated?
- We compute the correlation of daily returns between CCL 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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