Which stocks are most correlated with EVGO?

Based on one year of daily returns, the stocks most correlated with EVgo Inc. Class A Common Stock (EVGO) are GINN (0.61), PBW (0.60) and ROBT (0.60). 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 EVGO?

Over the past year, the stocks most inversely correlated with EVgo Inc. Class A Common Stock (EVGO) are SARK (-0.55), SPDN (-0.55) and SPXS (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

EVgo Inc. Class A Common Stock (EVGO) — Stock Correlations & Overview

Over the past year, EVGO has moved most closely with GINN, PBW, ROBT. Explore the stocks most correlated and inversely correlated with EVGO below, along with its price, financials, and company profile.

Stocks correlated with EVGO

Correlation of daily returns. Higher positive values move with EVGO; negative values move opposite it. Informational only, not investment advice.

Most correlated with EVGO

Symbol	Company	Correlation
GINN	Goldman Sachs Innovate Equity ETF	0.61
PBW	Invesco WilderHill Clean Energy ETF	0.60
ROBT	First Trust Nasdaq Artificial Intelligence and Robotics ETF	0.60
UPGR	Xtrackers US Green Infrastructure Select Equity ETF	0.60
ACES	ALPS Clean Energy ETF	0.59

Most inversely correlated with EVGO

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.55
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.55
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.55
SDS	ProShares UltraShort S&P500	-0.54
SPXU	ProShares UltraPro Short S&P 500	-0.54

Frequently asked questions about EVGO correlations

Which stocks are most correlated with EVGO?: Based on one year of daily returns, the stocks most correlated with EVgo Inc. Class A Common Stock (EVGO) are GINN (0.61), PBW (0.60) and ROBT (0.60). 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 EVGO?: Over the past year, the stocks most inversely correlated with EVgo Inc. Class A Common Stock (EVGO) are SARK (-0.55), SPDN (-0.55) and SPXS (-0.55). 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 EVGO correlations calculated?: We compute the correlation of daily returns between EVGO 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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