Carvana Co. (CVNA) — Stock Correlations & Overview
Over the past year, CVNA has moved most closely with CVNY, CARU, BUYZ. Explore the stocks most correlated and inversely correlated with CVNA below, along with its price, financials, and company profile.
Stocks correlated with CVNA
Correlation of daily returns. Higher positive values move with CVNA; negative values move opposite it. Informational only, not investment advice.
Most correlated with CVNA
| Symbol | Company | Correlation |
|---|---|---|
| CVNY | YieldMax CVNA Option Income Strategy ETF | 0.96 |
| CARU | MAX Auto Industry 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.65 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.63 |
| CDIG | City Different Investments Global Equity ETF | 0.62 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.62 |
Most inversely correlated with CVNA
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.64 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.54 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.51 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.49 |
Frequently asked questions about CVNA correlations
- Which stocks are most correlated with CVNA?
- Based on one year of daily returns, the stocks most correlated with Carvana Co. (CVNA) are CVNY (0.96), CARU (0.65) and BUYZ (0.63). 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 CVNA?
- Over the past year, the stocks most inversely correlated with Carvana Co. (CVNA) are CARD (-0.64), WEBS (-0.54) and SCC (-0.51). 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 CVNA correlations calculated?
- We compute the correlation of daily returns between CVNA 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.