Which stocks are most correlated with GMMA?

Based on one year of daily returns, the stocks most correlated with GammaRoad Market Navigation ETF (GMMA) are PTLC (0.88), MVPL (0.86) and TSPX (0.86). 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 GMMA?

Over the past year, the stocks most inversely correlated with GammaRoad Market Navigation ETF (GMMA) are SDS (-0.83), SPXU (-0.83) and SPXS (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.

GammaRoad Market Navigation ETF (GMMA) — Stock Correlations & Overview

Over the past year, GMMA has moved most closely with PTLC, MVPL, TSPX. Explore the stocks most correlated and inversely correlated with GMMA below, along with its price, financials, and company profile.

Stocks correlated with GMMA

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

Most correlated with GMMA

Symbol	Company	Correlation
PTLC	Pacer Trendpilot US Large Cap ETF	0.88
MVPL	Miller Value Partners Leverage ETF	0.86
TSPX	Twin Oak Active Opportunities ETF	0.86
ONOF	Global X Adaptive U.S. Risk Management ETF	0.86
OVLH	Overlay Shares Hedged Large Cap Equity ETF	0.86

Most inversely correlated with GMMA

Symbol	Company	Correlation
SDS	ProShares UltraShort S&P500	-0.83
SPXU	ProShares UltraPro Short S&P 500	-0.83
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.83
SH	ProShares Short S&P500	-0.82
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.82

Frequently asked questions about GMMA correlations

Which stocks are most correlated with GMMA?: Based on one year of daily returns, the stocks most correlated with GammaRoad Market Navigation ETF (GMMA) are PTLC (0.88), MVPL (0.86) and TSPX (0.86). 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 GMMA?: Over the past year, the stocks most inversely correlated with GammaRoad Market Navigation ETF (GMMA) are SDS (-0.83), SPXU (-0.83) and SPXS (-0.83). 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 GMMA correlations calculated?: We compute the correlation of daily returns between GMMA 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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