Copart Inc (CPRT) — Stock Correlations & Overview
Over the past year, CPRT has moved most closely with QQLV, RUNN, MDPL. Explore the stocks most correlated and inversely correlated with CPRT below, along with its price, financials, and company profile.
Stocks correlated with CPRT
Correlation of daily returns. Higher positive values move with CPRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPRT
| Symbol | Company | Correlation |
|---|---|---|
| QQLV | Invesco QQQ Low Volatility ETF | 0.56 |
| RUNN | Strategic Trust Running Oak Efficient Growth ETF | 0.51 |
| MDPL | Monarch Dividend Plus Index ETF | 0.51 |
| TYL | Tyler Technologies, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.50 |
| CTAS | Cintas CorpMEN'S & BOYS' FURNISHGS, WORK CLOTHG, & ALLIED GARMENTS | 0.49 |
Most inversely correlated with CPRT
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.45 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.44 |
| NFXS | Direxion Shares ETF Trust Direxion Daily NFLX Bear 1X ETF | -0.32 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.32 |
| REK | ProShares Short Real Estate | -0.31 |
Frequently asked questions about CPRT correlations
- Which stocks are most correlated with CPRT?
- Based on one year of daily returns, the stocks most correlated with Copart Inc (CPRT) are QQLV (0.56), RUNN (0.51) and MDPL (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 CPRT?
- Over the past year, the stocks most inversely correlated with Copart Inc (CPRT) are HDGE (-0.45), DWSH (-0.44) and NFXS (-0.32). 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 CPRT correlations calculated?
- We compute the correlation of daily returns between CPRT 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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