Green Brick Partners, Inc. Depositary Shares (each representing a 1/1000th fractional interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock) (GRBKpA) — Stock Correlations & Overview
Over the past year, GRBKpA has moved most closely with IFED, LCTX, BWLP. Explore the stocks most correlated and inversely correlated with GRBKpA below, along with its price, financials, and company profile.
Stocks correlated with GRBKpA
Correlation of daily returns. Higher positive values move with GRBKpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with GRBKpA
| Symbol | Company | Correlation |
|---|---|---|
| IFED | ETRACS IFED Invest with the Fed TR Index ETN | 0.26 |
| LCTX | Lineage Cell Therapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.25 |
| BWLP | BW LPG Limited | 0.25 |
| NVGS | NAVIGATOR HOLDINGS LTD. | 0.25 |
| BOAT | SonicShares Global Shipping ETF | 0.24 |
Most inversely correlated with GRBKpA
| Symbol | Company | Correlation |
|---|---|---|
| GBLI | Global Indemnity Group, LLC Class A Common StockFIRE, MARINE & CASUALTY INSURANCE | -0.23 |
| JLHL | Julong Holding Limited Class A Ordinary Shares | -0.21 |
| CSGP | CoStar Group IncSERVICES-BUSINESS SERVICES, NEC | -0.20 |
| TAOP | Taoping Inc. BVI Ordinary Shares (0 par) | -0.20 |
| ORLY | O'Reilly Automotive, Inc.RETAIL-AUTO & HOME SUPPLY STORES | -0.19 |
Frequently asked questions about GRBKpA correlations
- Which stocks are most correlated with GRBKpA?
- Based on one year of daily returns, the stocks most correlated with Green Brick Partners, Inc. Depositary Shares (each representing a 1/1000th fractional interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock) (GRBKpA) are IFED (0.26), LCTX (0.25) and BWLP (0.25). 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 GRBKpA?
- Over the past year, the stocks most inversely correlated with Green Brick Partners, Inc. Depositary Shares (each representing a 1/1000th fractional interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock) (GRBKpA) are GBLI (-0.23), JLHL (-0.21) and CSGP (-0.20). 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 GRBKpA correlations calculated?
- We compute the correlation of daily returns between GRBKpA 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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