Canterbury Park Holding Corporation 'New' Common Stock (CPHC) — Stock Correlations & Overview
Over the past year, CPHC has moved most closely with KGLD, YGLD, GLD. Explore the stocks most correlated and inversely correlated with CPHC below, along with its price, financials, and company profile.
Stocks correlated with CPHC
Correlation of daily returns. Higher positive values move with CPHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPHC
| Symbol | Company | Correlation |
|---|---|---|
| KGLD | Kurv Gold Enhanced Income ETF | 0.32 |
| YGLD | Simplify Gold Strategy ETF | 0.32 |
| GLD | SPDR Gold Trust, SPDR Gold SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 0.31 |
| SHNY | MicroSectors Gold 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.31 |
| UGL | ProShares Ultra GoldCOMMODITY CONTRACTS BROKERS & DEALERS | 0.31 |
Most inversely correlated with CPHC
| Symbol | Company | Correlation |
|---|---|---|
| NERV | Minerva Neurosciences, IncPHARMACEUTICAL PREPARATIONS | -0.32 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| PSIG | PS International Group Ltd. Ordinary Shares | -0.28 |
| APRP | PGIM S&P 500 Buffer 12 ETF - April | -0.27 |
Frequently asked questions about CPHC correlations
- Which stocks are most correlated with CPHC?
- Based on one year of daily returns, the stocks most correlated with Canterbury Park Holding Corporation 'New' Common Stock (CPHC) are KGLD (0.32), YGLD (0.32) and GLD (0.31). 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 CPHC?
- Over the past year, the stocks most inversely correlated with Canterbury Park Holding Corporation 'New' Common Stock (CPHC) are NERV (-0.32), GLL (-0.31) and DULL (-0.29). 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 CPHC correlations calculated?
- We compute the correlation of daily returns between CPHC 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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