Which stocks are most correlated with GO?

Based on one year of daily returns, the stocks most correlated with Grocery Outlet Holding Corp. Common Stock (GO) are PACK (0.41), PSCC (0.38) and WMK (0.37). 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 GO?

Over the past year, the stocks most inversely correlated with Grocery Outlet Holding Corp. Common Stock (GO) are EMTY (-0.36), SZK (-0.34) and ALTO (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Grocery Outlet Holding Corp. Common Stock (GO) — Stock Correlations & Overview

Over the past year, GO has moved most closely with PACK, PSCC, WMK. Explore the stocks most correlated and inversely correlated with GO below, along with its price, financials, and company profile.

Stocks correlated with GO

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

Most correlated with GO

Symbol	Company	Correlation
PACK	Ranpak Holdings Corp.CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES)	0.41
PSCC	Invesco S&P SmallCap Consumer Staples ETFINVESTMENT ADVICE	0.38
WMK	Weis Markets, Inc.RETAIL-GROCERY STORES	0.37
JBI	Janus International Group, Inc.METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM	0.36
GWRS	Global Water Resources, Inc.WATER SUPPLY	0.36

Most inversely correlated with GO

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.36
SZK	ProShares UltraShort Consumer Staples	-0.34
ALTO	Alto Ingredients, Inc. Common StockINDUSTRIAL ORGANIC CHEMICALS	-0.30
TPET	Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS	-0.30
IBO	Impact BioMedical, Inc.PHARMACEUTICAL PREPARATIONS	-0.29

Frequently asked questions about GO correlations

Which stocks are most correlated with GO?: Based on one year of daily returns, the stocks most correlated with Grocery Outlet Holding Corp. Common Stock (GO) are PACK (0.41), PSCC (0.38) and WMK (0.37). 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 GO?: Over the past year, the stocks most inversely correlated with Grocery Outlet Holding Corp. Common Stock (GO) are EMTY (-0.36), SZK (-0.34) and ALTO (-0.30). 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 GO correlations calculated?: We compute the correlation of daily returns between GO 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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