Driven Brands Holdings Inc. Common Stock (DRVN) — Stock Correlations & Overview
Over the past year, DRVN has moved most closely with ODD, MGPI, LXFR. Explore the stocks most correlated and inversely correlated with DRVN below, along with its price, financials, and company profile.
Stocks correlated with DRVN
Correlation of daily returns. Higher positive values move with DRVN; negative values move opposite it. Informational only, not investment advice.
Most correlated with DRVN
| Symbol | Company | Correlation |
|---|---|---|
| ODD | ODDITY Tech Ltd. Class A Ordinary Shares | 0.55 |
| MGPI | MGP Ingredients IncWHOLESALE-BEER, WINE & DISTILLED ALCOHOLIC BEVERAGES | 0.55 |
| LXFR | Luxfer Holdings PLC Ordinary SharesINDUSTRIAL INORGANIC CHEMICALS | 0.50 |
| TLF | Tandy Leather Factory, Inc. Common StockLEATHER & LEATHER PRODUCTS | 0.47 |
| ALLT | Allot Ltd. Ordinary Shares | 0.47 |
Most inversely correlated with DRVN
| Symbol | Company | Correlation |
|---|---|---|
| XWEL | XWELL, Inc. Common StockSERVICES-PERSONAL SERVICES | -0.44 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.36 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.36 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.35 |
| LRMR | Larimar Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.32 |
Frequently asked questions about DRVN correlations
- Which stocks are most correlated with DRVN?
- Based on one year of daily returns, the stocks most correlated with Driven Brands Holdings Inc. Common Stock (DRVN) are ODD (0.55), MGPI (0.55) and LXFR (0.50). 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 DRVN?
- Over the past year, the stocks most inversely correlated with Driven Brands Holdings Inc. Common Stock (DRVN) are XWEL (-0.44), DWSH (-0.36) and EMTY (-0.36). 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 DRVN correlations calculated?
- We compute the correlation of daily returns between DRVN 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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