General Motors Company (GM) — Stock Correlations & Overview
Over the past year, GM has moved most closely with FTXR, CARU, RSPD. Explore the stocks most correlated and inversely correlated with GM below, along with its price, financials, and company profile.
Stocks correlated with GM
Correlation of daily returns. Higher positive values move with GM; negative values move opposite it. Informational only, not investment advice.
Most correlated with GM
| Symbol | Company | Correlation |
|---|---|---|
| FTXR | First Trust Nasdaq Transportation ETF | 0.64 |
| CARU | MAX Auto Industry 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.64 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.57 |
| F | Ford Motor CompanyMOTOR VEHICLES & PASSENGER CAR BODIES | 0.57 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.56 |
Most inversely correlated with GM
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.65 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.51 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.50 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| DXD | ProShares UltraShort Dow 30 | -0.48 |
Frequently asked questions about GM correlations
- Which stocks are most correlated with GM?
- Based on one year of daily returns, the stocks most correlated with General Motors Company (GM) are FTXR (0.64), CARU (0.64) and RSPD (0.57). 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 GM?
- Over the past year, the stocks most inversely correlated with General Motors Company (GM) are CARD (-0.65), SCC (-0.51) and FLYD (-0.50). 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 GM correlations calculated?
- We compute the correlation of daily returns between GM 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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