America's Car Mart Inc (CRMT) — Stock Correlations & Overview
Over the past year, CRMT has moved most closely with FDX, JSPR, NXTC. Explore the stocks most correlated and inversely correlated with CRMT below, along with its price, financials, and company profile.
Stocks correlated with CRMT
Correlation of daily returns. Higher positive values move with CRMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRMT
| Symbol | Company | Correlation |
|---|---|---|
| FDX | FedEx CorporationAIR COURIER SERVICES | 0.37 |
| JSPR | Jasper Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.36 |
| NXTC | NextCure, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.34 |
| SMCL | GraniteShares 2x Long SMCI Daily ETF | 0.34 |
| SMCY | YieldMax SMCI Option Income Strategy ETF | 0.34 |
Most inversely correlated with CRMT
| Symbol | Company | Correlation |
|---|---|---|
| DSY | Big Tree Cloud Holdings Limited Class A Ordinary Shares | -0.36 |
| HKIT | Hitek Global Inc. Class A Ordinary Share | -0.34 |
| DSYWW | Big Tree Cloud Holdings Limited Warrants | -0.31 |
| TGHL | The GrowHub Limited Class A Ordinary Shares | -0.30 |
| DXD | ProShares UltraShort Dow 30 | -0.29 |
Frequently asked questions about CRMT correlations
- Which stocks are most correlated with CRMT?
- Based on one year of daily returns, the stocks most correlated with America's Car Mart Inc (CRMT) are FDX (0.37), JSPR (0.36) and NXTC (0.34). 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 CRMT?
- Over the past year, the stocks most inversely correlated with America's Car Mart Inc (CRMT) are DSY (-0.36), HKIT (-0.34) and DSYWW (-0.31). 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 CRMT correlations calculated?
- We compute the correlation of daily returns between CRMT 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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