Group 1 Automotive, Inc. (GPI) — Stock Correlations & Overview
Over the past year, GPI has moved most closely with AN, ABG, SAH. Explore the stocks most correlated and inversely correlated with GPI below, along with its price, financials, and company profile.
Stocks correlated with GPI
Correlation of daily returns. Higher positive values move with GPI; negative values move opposite it. Informational only, not investment advice.
Most correlated with GPI
| Symbol | Company | Correlation |
|---|---|---|
| AN | AutoNation, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.75 |
| ABG | Asbury Automotive Group, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.73 |
| SAH | Sonic Automotive, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.69 |
| PAG | Penske Automotive Group, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.61 |
| LAD | Lithia Motors, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.57 |
Most inversely correlated with GPI
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.45 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.39 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.35 |
| SBB | ProShares Short SmallCap600 | -0.34 |
Frequently asked questions about GPI correlations
- Which stocks are most correlated with GPI?
- Based on one year of daily returns, the stocks most correlated with Group 1 Automotive, Inc. (GPI) are AN (0.75), ABG (0.73) and SAH (0.69). 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 GPI?
- Over the past year, the stocks most inversely correlated with Group 1 Automotive, Inc. (GPI) are HDGE (-0.45), CARD (-0.45) and DWSH (-0.39). 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 GPI correlations calculated?
- We compute the correlation of daily returns between GPI 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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