Great Elm Capital. Corp. Common Stock (GECC) — Stock Correlations & Overview
Over the past year, GECC has moved most closely with PBDC, TCPC, OCSL. Explore the stocks most correlated and inversely correlated with GECC below, along with its price, financials, and company profile.
Stocks correlated with GECC
Correlation of daily returns. Higher positive values move with GECC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GECC
| Symbol | Company | Correlation |
|---|---|---|
| PBDC | Putnam BDC Income ETF | 0.36 |
| TCPC | BlackRock TCP Capital Corp. Common Stock | 0.35 |
| OCSL | Oaktree Specialty Lending Corporation | 0.34 |
| PFLT | PennantPark Floating Rate Capital Ltd. | 0.33 |
| EARN | Ellington Credit CompanyREAL ESTATE INVESTMENT TRUSTS | 0.32 |
Most inversely correlated with GECC
| Symbol | Company | Correlation |
|---|---|---|
| SPRB | Spruce Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.24 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.22 |
| PALI | Palisade Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.22 |
| SBFM | Sunshine Biopharma Inc.PHARMACEUTICAL PREPARATIONS | -0.21 |
| TBN | Tamboran Resources CorporationCRUDE PETROLEUM & NATURAL GAS | -0.20 |
Frequently asked questions about GECC correlations
- Which stocks are most correlated with GECC?
- Based on one year of daily returns, the stocks most correlated with Great Elm Capital. Corp. Common Stock (GECC) are PBDC (0.36), TCPC (0.35) and OCSL (0.34). 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 GECC?
- Over the past year, the stocks most inversely correlated with Great Elm Capital. Corp. Common Stock (GECC) are SPRB (-0.24), RADX (-0.22) and PALI (-0.22). 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 GECC correlations calculated?
- We compute the correlation of daily returns between GECC 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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