GoDaddy Inc (GDDY) — Stock Correlations & Overview
Over the past year, GDDY has moved most closely with INVN, DOCU, PCTY. Explore the stocks most correlated and inversely correlated with GDDY below, along with its price, financials, and company profile.
Stocks correlated with GDDY
Correlation of daily returns. Higher positive values move with GDDY; negative values move opposite it. Informational only, not investment advice.
Most correlated with GDDY
| Symbol | Company | Correlation |
|---|---|---|
| INVN | Alger Russell Innovation ETF | 0.57 |
| DOCU | DocuSign, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.56 |
| PCTY | Paylocity Holding Corporation Common StockSERVICES-PREPACKAGED SOFTWARE | 0.56 |
| CSGP | CoStar Group IncSERVICES-BUSINESS SERVICES, NEC | 0.54 |
| WDAY | Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.54 |
Most inversely correlated with GDDY
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.45 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.43 |
| ECG | Everus Construction Group, Inc.OPERATIVE BUILDERS | -0.38 |
| IESC | IES Holdings, Inc. Common StockELECTRICAL WORK | -0.36 |
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | -0.34 |
Frequently asked questions about GDDY correlations
- Which stocks are most correlated with GDDY?
- Based on one year of daily returns, the stocks most correlated with GoDaddy Inc (GDDY) are INVN (0.57), DOCU (0.56) and PCTY (0.56). 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 GDDY?
- Over the past year, the stocks most inversely correlated with GoDaddy Inc (GDDY) are HDGE (-0.45), DWSH (-0.43) and ECG (-0.38). 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 GDDY correlations calculated?
- We compute the correlation of daily returns between GDDY 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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