Which stocks are most correlated with GME.WS?

Based on one year of daily returns, the stocks most correlated with GameStop Corp. Warrants to Purchase Common Stock (GME.WS) are GME (0.63), GMEU (0.63) and GMEY (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 GME.WS?

Over the past year, the stocks most inversely correlated with GameStop Corp. Warrants to Purchase Common Stock (GME.WS) are SMST (-0.24), MSTZ (-0.24) and QQDN (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

GameStop Corp. Warrants to Purchase Common Stock (GME.WS) — Stock Correlations & Overview

Over the past year, GME.WS has moved most closely with GME, GMEU, GMEY. Explore the stocks most correlated and inversely correlated with GME.WS below, along with its price, financials, and company profile.

Stocks correlated with GME.WS

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

Most correlated with GME.WS

Symbol	Company	Correlation
GME	GameStop Corp. Class ARETAIL-COMPUTER & COMPUTER SOFTWARE STORES	0.63
GMEU	T-REX 2X Long GME Daily Target ETF	0.63
GMEY	YieldMax GME Option Income Strategy ETF	0.55
CELU	Celularity Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS	0.36
OKTA	Okta, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	0.32

Most inversely correlated with GME.WS

Symbol	Company	Correlation
SMST	Tidal Trust II Defiance Daily Target 2x Short MSTR ETF	-0.24
MSTZ	T-Rex 2X Inverse MSTR Daily Target ETF	-0.24
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.23
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.23
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.23

Frequently asked questions about GME.WS correlations

Which stocks are most correlated with GME.WS?: Based on one year of daily returns, the stocks most correlated with GameStop Corp. Warrants to Purchase Common Stock (GME.WS) are GME (0.63), GMEU (0.63) and GMEY (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 GME.WS?: Over the past year, the stocks most inversely correlated with GameStop Corp. Warrants to Purchase Common Stock (GME.WS) are SMST (-0.24), MSTZ (-0.24) and QQDN (-0.23). 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.WS correlations calculated?: We compute the correlation of daily returns between GME.WS 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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