Alphabet Inc. Class C Capital Stock (GOOG) — Stock Correlations & Overview
Over the past year, GOOG has moved most closely with GOOX, GOOGL, GGLL. Explore the stocks most correlated and inversely correlated with GOOG below, along with its price, financials, and company profile.
Stocks correlated with GOOG
Correlation of daily returns. Higher positive values move with GOOG; negative values move opposite it. Informational only, not investment advice.
Most correlated with GOOG
| Symbol | Company | Correlation |
|---|---|---|
| GOOX | T-Rex 2X Long Alphabet Daily Target ETF | 1.00 |
| GOOGL | Alphabet Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 1.00 |
| GGLL | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | 0.99 |
| GOOW | Roundhill GOOGL WeeklyPay ETF | 0.98 |
| GOOP | Kurv Yield Premium Strategy Google (GOOGL) ETF | 0.97 |
Most inversely correlated with GOOG
| Symbol | Company | Correlation |
|---|---|---|
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.99 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.65 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.61 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.55 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.55 |
Frequently asked questions about GOOG correlations
- Which stocks are most correlated with GOOG?
- Based on one year of daily returns, the stocks most correlated with Alphabet Inc. Class C Capital Stock (GOOG) are GOOX (1.00), GOOGL (1.00) and GGLL (0.99). 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 GOOG?
- Over the past year, the stocks most inversely correlated with Alphabet Inc. Class C Capital Stock (GOOG) are GGLS (-0.99), QQQD (-0.65) and QQDN (-0.61). 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 GOOG correlations calculated?
- We compute the correlation of daily returns between GOOG 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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