Which stocks are most correlated with GGAL?

Based on one year of daily returns, the stocks most correlated with Grupo Financiero Galicia SA (GGAL) are BMA (0.95), BBAR (0.93) and SUPV (0.93). 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 GGAL?

Over the past year, the stocks most inversely correlated with Grupo Financiero Galicia SA (GGAL) are QQQD (-0.35), SPDN (-0.34) and TSXD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Grupo Financiero Galicia SA (GGAL) — Stock Correlations & Overview

Over the past year, GGAL has moved most closely with BMA, BBAR, SUPV. Explore the stocks most correlated and inversely correlated with GGAL below, along with its price, financials, and company profile.

Stocks correlated with GGAL

Correlation of daily returns. Higher positive values move with GGAL; negative values move opposite it. Informational only, not investment advice.

Most correlated with GGAL

Symbol	Company	Correlation
BMA	Banco Macro S.A.	0.95
BBAR	Banco BBVA Argentina S.A.	0.93
SUPV	Grupo Supervielle S.A.	0.93
ARGT	Global X MSCI Argentina ETF	0.89
CEPU	Central Puerto S.A. American Depositary Shares (each represents ten Common Shares)	0.84

Most inversely correlated with GGAL

Symbol	Company	Correlation
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.35
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.34
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.34
TTXD	Direxion Daily Technology Top 5 Bear 2X ETF	-0.33
SPXU	ProShares UltraPro Short S&P 500	-0.33

Frequently asked questions about GGAL correlations

Which stocks are most correlated with GGAL?: Based on one year of daily returns, the stocks most correlated with Grupo Financiero Galicia SA (GGAL) are BMA (0.95), BBAR (0.93) and SUPV (0.93). 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 GGAL?: Over the past year, the stocks most inversely correlated with Grupo Financiero Galicia SA (GGAL) are QQQD (-0.35), SPDN (-0.34) and TSXD (-0.34). 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 GGAL correlations calculated?: We compute the correlation of daily returns between GGAL 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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