Which stocks are most correlated with CDLR?

Based on one year of daily returns, the stocks most correlated with Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR) are AVNV (0.52), IPAV (0.51) and AVNM (0.51). 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 CDLR?

Over the past year, the stocks most inversely correlated with Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR) are EPV (-0.47), EFU (-0.46) and EUM (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR) — Stock Correlations & Overview

Over the past year, CDLR has moved most closely with AVNV, IPAV, AVNM. Explore the stocks most correlated and inversely correlated with CDLR below, along with its price, financials, and company profile.

Stocks correlated with CDLR

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

Most correlated with CDLR

Symbol	Company	Correlation
AVNV	Avantis All International Markets Value ETF	0.52
IPAV	Global X Infrastructure Development ex-U.S. ETF	0.51
AVNM	Avantis All International Markets Equity ETF	0.51
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.51
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.51

Most inversely correlated with CDLR

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.47
EFU	ProShares Trust UltraShort MSCI EAFE	-0.46
EUM	ProShares Trust Short MSCI Emerging Markets	-0.45
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.45
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.45

Frequently asked questions about CDLR correlations

Which stocks are most correlated with CDLR?: Based on one year of daily returns, the stocks most correlated with Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR) are AVNV (0.52), IPAV (0.51) and AVNM (0.51). 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 CDLR?: Over the past year, the stocks most inversely correlated with Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) (CDLR) are EPV (-0.47), EFU (-0.46) and EUM (-0.45). 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 CDLR correlations calculated?: We compute the correlation of daily returns between CDLR 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.