Global-E Online Ltd. Ordinary Shares (GLBE) — Stock Correlations & Overview
Over the past year, GLBE has moved most closely with TOGA, PNQI, XSW. Explore the stocks most correlated and inversely correlated with GLBE below, along with its price, financials, and company profile.
Stocks correlated with GLBE
Correlation of daily returns. Higher positive values move with GLBE; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLBE
| Symbol | Company | Correlation |
|---|---|---|
| TOGA | Tremblant Global ETF | 0.56 |
| PNQI | Invesco NASDAQ Internet ETF | 0.56 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.55 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.53 |
| DUNK | Dana Unconstrained Equity ETF | 0.53 |
Most inversely correlated with GLBE
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.49 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.49 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.42 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.35 |
Frequently asked questions about GLBE correlations
- Which stocks are most correlated with GLBE?
- Based on one year of daily returns, the stocks most correlated with Global-E Online Ltd. Ordinary Shares (GLBE) are TOGA (0.56), PNQI (0.56) and XSW (0.55). 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 GLBE?
- Over the past year, the stocks most inversely correlated with Global-E Online Ltd. Ordinary Shares (GLBE) are WEBS (-0.49), HDGE (-0.49) and DWSH (-0.42). 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 GLBE correlations calculated?
- We compute the correlation of daily returns between GLBE 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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