Coupang, Inc. (CPNG) — Stock Correlations & Overview
Over the past year, CPNG has moved most closely with TOGA, FMQQ, ONLN. Explore the stocks most correlated and inversely correlated with CPNG below, along with its price, financials, and company profile.
Stocks correlated with CPNG
Correlation of daily returns. Higher positive values move with CPNG; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPNG
| Symbol | Company | Correlation |
|---|---|---|
| TOGA | Tremblant Global ETF | 0.47 |
| FMQQ | FMQQ The Next Frontier Internet ETF | 0.45 |
| ONLN | ProShares Online Retail ETF | 0.43 |
| BCHP | Principal Focused Blue Chip ETF | 0.43 |
| DRKY | VistaShares Target 15 DRUKMacro Distribution ETF | 0.43 |
Most inversely correlated with CPNG
| Symbol | Company | Correlation |
|---|---|---|
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.38 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.38 |
| SH | ProShares Short S&P500 | -0.37 |
| SDS | ProShares UltraShort S&P500 | -0.37 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.36 |
Frequently asked questions about CPNG correlations
- Which stocks are most correlated with CPNG?
- Based on one year of daily returns, the stocks most correlated with Coupang, Inc. (CPNG) are TOGA (0.47), FMQQ (0.45) and ONLN (0.43). 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 CPNG?
- Over the past year, the stocks most inversely correlated with Coupang, Inc. (CPNG) are FNGD (-0.38), WEBS (-0.38) and SH (-0.37). 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 CPNG correlations calculated?
- We compute the correlation of daily returns between CPNG 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.