GreenPower Motor Company Inc. Common Shares (GP) — Stock Correlations & Overview
Over the past year, GP has moved most closely with AMSC, PRCH, CCSI. Explore the stocks most correlated and inversely correlated with GP below, along with its price, financials, and company profile.
Stocks correlated with GP
Correlation of daily returns. Higher positive values move with GP; negative values move opposite it. Informational only, not investment advice.
Most correlated with GP
| Symbol | Company | Correlation |
|---|---|---|
| AMSC | American Superconductor CorpMOTORS & GENERATORS | 0.36 |
| PRCH | Porch Group, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.35 |
| CCSI | Consensus Cloud Solutions, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.34 |
| VLN | Valens Semiconductor Ltd. | 0.32 |
| ELF | e.l.f. Beauty, Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | 0.32 |
Frequently asked questions about GP correlations
- Which stocks are most correlated with GP?
- Based on one year of daily returns, the stocks most correlated with GreenPower Motor Company Inc. Common Shares (GP) are AMSC (0.36), PRCH (0.35) and CCSI (0.34). 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 GP?
- Over the past year, the stocks most inversely correlated with GreenPower Motor Company Inc. Common Shares (GP) are AQST (-0.25), TWM (-0.24) and TZA (-0.24). 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 GP correlations calculated?
- We compute the correlation of daily returns between GP 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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