Cresud SA (CRESY) — Stock Correlations & Overview
Over the past year, CRESY has moved most closely with IRS, ARGT, BBAR. Explore the stocks most correlated and inversely correlated with CRESY below, along with its price, financials, and company profile.
Stocks correlated with CRESY
Correlation of daily returns. Higher positive values move with CRESY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRESY
| Symbol | Company | Correlation |
|---|---|---|
| IRS | IRSA Inversiones y Representaciones S.A. Global Depositary Shares | 0.81 |
| ARGT | Global X MSCI Argentina ETF | 0.81 |
| BBAR | Banco BBVA Argentina S.A. | 0.78 |
| TGS | Transportadora de Gas del Sur S.A. ADS | 0.77 |
| SUPV | Grupo Supervielle S.A. | 0.77 |
Most inversely correlated with CRESY
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.40 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.36 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.35 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.34 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.33 |
Frequently asked questions about CRESY correlations
- Which stocks are most correlated with CRESY?
- Based on one year of daily returns, the stocks most correlated with Cresud SA (CRESY) are IRS (0.81), ARGT (0.81) and BBAR (0.78). 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 CRESY?
- Over the past year, the stocks most inversely correlated with Cresud SA (CRESY) are BZQ (-0.40), EUM (-0.36) and EDZ (-0.35). 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 CRESY correlations calculated?
- We compute the correlation of daily returns between CRESY 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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