GCL Global Holdings Ltd Ordinary Shares (GCL) — Stock Correlations & Overview
Over the past year, GCL has moved most closely with PHYL, IMVT, BBB. Explore the stocks most correlated and inversely correlated with GCL below, along with its price, financials, and company profile.
Stocks correlated with GCL
Correlation of daily returns. Higher positive values move with GCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with GCL
| Symbol | Company | Correlation |
|---|---|---|
| PHYL | PGIM Active High Yield Bond ETF | 0.31 |
| IMVT | Immunovant, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.29 |
| BBB | CYBER HORNET Trust CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF75/25 Strategy ETF | 0.29 |
| FHYS | Federated Hermes Short Duration High Yield ETF | 0.29 |
| EGO | Eldorado Gold Corporation | 0.28 |
Most inversely correlated with GCL
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.27 |
| YMT | Yimutian Inc. American Depositary Shares | -0.26 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.25 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.24 |
Frequently asked questions about GCL correlations
- Which stocks are most correlated with GCL?
- Based on one year of daily returns, the stocks most correlated with GCL Global Holdings Ltd Ordinary Shares (GCL) are PHYL (0.31), IMVT (0.29) and BBB (0.29). 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 GCL?
- Over the past year, the stocks most inversely correlated with GCL Global Holdings Ltd Ordinary Shares (GCL) are EFU (-0.27), YMT (-0.26) and GDXD (-0.25). 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 GCL correlations calculated?
- We compute the correlation of daily returns between GCL 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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