Which stocks are most correlated with GRMN?

Based on one year of daily returns, the stocks most correlated with Garmin Ltd (GRMN) are MMID (0.54), ABCS (0.53) and AVTR (0.53). 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 GRMN?

Over the past year, the stocks most inversely correlated with Garmin Ltd (GRMN) are HDGE (-0.49), SMDD (-0.44) and MYY (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Garmin Ltd (GRMN) — Stock Correlations & Overview

Over the past year, GRMN has moved most closely with MMID, ABCS, AVTR. Explore the stocks most correlated and inversely correlated with GRMN below, along with its price, financials, and company profile.

Stocks correlated with GRMN

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

Most correlated with GRMN

Symbol	Company	Correlation
MMID	MFS Active Mid Cap ETF	0.54
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	0.53
AVTR	Avantor, Inc.LABORATORY ANALYTICAL INSTRUMENTS	0.53
PSET	Principal Exchange-Traded Funds Principal Quality ETF	0.52
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.51

Most inversely correlated with GRMN

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.49
SMDD	ProShares UltraPro Short MidCap400	-0.44
MYY	ProShares Short MidCap400	-0.44
MZZ	ProShares UltraShort MidCap400	-0.44
SDD	ProShares UltraShort SmallCap600	-0.43

Frequently asked questions about GRMN correlations

Which stocks are most correlated with GRMN?: Based on one year of daily returns, the stocks most correlated with Garmin Ltd (GRMN) are MMID (0.54), ABCS (0.53) and AVTR (0.53). 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 GRMN?: Over the past year, the stocks most inversely correlated with Garmin Ltd (GRMN) are HDGE (-0.49), SMDD (-0.44) and MYY (-0.44). 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 GRMN correlations calculated?: We compute the correlation of daily returns between GRMN 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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