GameStop Corp. Class A (GME) — Stock Correlations & Overview
Over the past year, GME has moved most closely with GMEU, GMEY, GME.WS. Explore the stocks most correlated and inversely correlated with GME below, along with its price, financials, and company profile.
Stocks correlated with GME
Correlation of daily returns. Higher positive values move with GME; negative values move opposite it. Informational only, not investment advice.
Most correlated with GME
| Symbol | Company | Correlation |
|---|---|---|
| GMEU | T-REX 2X Long GME Daily Target ETF | 0.99 |
| GMEY | YieldMax GME Option Income Strategy ETF | 0.89 |
| GME.WS | GameStop Corp. Warrants to Purchase Common StockRETAIL-COMPUTER & COMPUTER SOFTWARE STORES | 0.63 |
| JPMpL | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.36 |
| JPMpK | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJNATIONAL COMMERCIAL BANKS | 0.35 |
Most inversely correlated with GME
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.26 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.26 |
| EPV | ProShares UltraShort FTSE Europe | -0.25 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.24 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.24 |
Frequently asked questions about GME correlations
- Which stocks are most correlated with GME?
- Based on one year of daily returns, the stocks most correlated with GameStop Corp. Class A (GME) are GMEU (0.99), GMEY (0.89) and GME.WS (0.63). 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 GME?
- Over the past year, the stocks most inversely correlated with GameStop Corp. Class A (GME) are SARK (-0.26), SLTY (-0.26) and EPV (-0.25). 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 GME correlations calculated?
- We compute the correlation of daily returns between GME 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.