GigaCloud Technology Inc Class A Ordinary Shares (GCT) — Stock Correlations & Overview
Over the past year, GCT has moved most closely with ONLN, IBUY, PEZ. Explore the stocks most correlated and inversely correlated with GCT below, along with its price, financials, and company profile.
Stocks correlated with GCT
Correlation of daily returns. Higher positive values move with GCT; negative values move opposite it. Informational only, not investment advice.
Most correlated with GCT
| Symbol | Company | Correlation |
|---|---|---|
| ONLN | ProShares Online Retail ETF | 0.62 |
| IBUY | Amplify Online Retail ETF | 0.58 |
| PEZ | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 0.55 |
| CLIX | ProShares Long Online/Short Stores ETF | 0.54 |
| EBIZ | Global X E-commerce ETF | 0.53 |
Most inversely correlated with GCT
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.54 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.45 |
| TWM | ProShares UltraShort Russell2000 | -0.42 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.42 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.42 |
Frequently asked questions about GCT correlations
- Which stocks are most correlated with GCT?
- Based on one year of daily returns, the stocks most correlated with GigaCloud Technology Inc Class A Ordinary Shares (GCT) are ONLN (0.62), IBUY (0.58) and PEZ (0.55). 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 GCT?
- Over the past year, the stocks most inversely correlated with GigaCloud Technology Inc Class A Ordinary Shares (GCT) are FLYD (-0.54), SCC (-0.45) and TWM (-0.42). 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 GCT correlations calculated?
- We compute the correlation of daily returns between GCT 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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