GFL Environmental Inc. Subordinate Voting Shares (GFL) — Stock Correlations & Overview
Over the past year, GFL has moved most closely with WCN, RSG, WM. Explore the stocks most correlated and inversely correlated with GFL below, along with its price, financials, and company profile.
Stocks correlated with GFL
Correlation of daily returns. Higher positive values move with GFL; negative values move opposite it. Informational only, not investment advice.
Most correlated with GFL
| Symbol | Company | Correlation |
|---|---|---|
| WCN | Waste Connections, Inc.REFUSE SYSTEMS | 0.53 |
| RSG | Republic Services Inc.REFUSE SYSTEMS | 0.46 |
| WM | Waste Management, Inc.REFUSE SYSTEMS | 0.45 |
| EVX | VanEck Environmental Services ETF | 0.44 |
| CWST | Casella Waste Systems IncREFUSE SYSTEMS | 0.41 |
Most inversely correlated with GFL
| Symbol | Company | Correlation |
|---|---|---|
| ALAR | Alarum Technologies Ltd. American Depositary Share | -0.26 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.24 |
| RMSG | Real Messenger Corporation Ordinary Shares | -0.22 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.21 |
| SRS | ProShares UltraShort Real Estate | -0.21 |
Frequently asked questions about GFL correlations
- Which stocks are most correlated with GFL?
- Based on one year of daily returns, the stocks most correlated with GFL Environmental Inc. Subordinate Voting Shares (GFL) are WCN (0.53), RSG (0.46) and WM (0.45). 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 GFL?
- Over the past year, the stocks most inversely correlated with GFL Environmental Inc. Subordinate Voting Shares (GFL) are ALAR (-0.26), DWSH (-0.24) and RMSG (-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 GFL correlations calculated?
- We compute the correlation of daily returns between GFL 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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