GE Vernova Inc. (GEV) — Stock Correlations & Overview
Over the past year, GEV has moved most closely with GEVX, AIPO, PWRD. Explore the stocks most correlated and inversely correlated with GEV below, along with its price, financials, and company profile.
Stocks correlated with GEV
Correlation of daily returns. Higher positive values move with GEV; negative values move opposite it. Informational only, not investment advice.
Most correlated with GEV
| Symbol | Company | Correlation |
|---|---|---|
| GEVX | Tradr 2X Long GEV Daily ETF | 1.00 |
| AIPO | Defiance AI & Power Infrastructure ETF | 0.75 |
| PWRD | TCW Transform Systems ETF | 0.73 |
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.71 |
| FPX | First Trust US Equity Opportunities ETF | 0.70 |
Most inversely correlated with GEV
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.60 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.60 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.59 |
| SSG | ProShares UltraShort Semiconductors | -0.59 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.58 |
Frequently asked questions about GEV correlations
- Which stocks are most correlated with GEV?
- Based on one year of daily returns, the stocks most correlated with GE Vernova Inc. (GEV) are GEVX (1.00), AIPO (0.75) and PWRD (0.73). 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 GEV?
- Over the past year, the stocks most inversely correlated with GE Vernova Inc. (GEV) are SOXS (-0.60), TSMZ (-0.60) and BTAL (-0.59). 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 GEV correlations calculated?
- We compute the correlation of daily returns between GEV 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.