Which stocks are most correlated with GLRE?

Based on one year of daily returns, the stocks most correlated with Greenlight Captial RE, LTD. Class A (GLRE) are KIE (0.57), HG (0.56) and IAK (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 GLRE?

Over the past year, the stocks most inversely correlated with Greenlight Captial RE, LTD. Class A (GLRE) are DRV (-0.35), REK (-0.35) and TRFK (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Greenlight Captial RE, LTD. Class A (GLRE) — Stock Correlations & Overview

Over the past year, GLRE has moved most closely with KIE, HG, IAK. Explore the stocks most correlated and inversely correlated with GLRE below, along with its price, financials, and company profile.

Stocks correlated with GLRE

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

Most correlated with GLRE

Symbol	Company	Correlation
KIE	State Street SPDR S&P Insurance ETF	0.57
HG	Hamilton Insurance Group, Ltd. Class B Common SharesFIRE, MARINE & CASUALTY INSURANCE	0.56
IAK	iShares U.S. Insurance ETF	0.55
SPNT	SiriusPoint Ltd.FIRE, MARINE & CASUALTY INSURANCE	0.55
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.52

Most inversely correlated with GLRE

Symbol	Company	Correlation
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.35
REK	ProShares Short Real Estate	-0.35
TRFK	Pacer Data and Digital Revolution ETF	-0.34
SRS	ProShares UltraShort Real Estate	-0.34
SZK	ProShares UltraShort Consumer Staples	-0.34

Frequently asked questions about GLRE correlations

Which stocks are most correlated with GLRE?: Based on one year of daily returns, the stocks most correlated with Greenlight Captial RE, LTD. Class A (GLRE) are KIE (0.57), HG (0.56) and IAK (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 GLRE?: Over the past year, the stocks most inversely correlated with Greenlight Captial RE, LTD. Class A (GLRE) are DRV (-0.35), REK (-0.35) and TRFK (-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 GLRE correlations calculated?: We compute the correlation of daily returns between GLRE 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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