Grove Collaborative Holdings, Inc. (GROV) — Stock Correlations & Overview
Over the past year, GROV has moved most closely with NTLA, CASH, TCBX. Explore the stocks most correlated and inversely correlated with GROV below, along with its price, financials, and company profile.
Stocks correlated with GROV
Correlation of daily returns. Higher positive values move with GROV; negative values move opposite it. Informational only, not investment advice.
Most correlated with GROV
| Symbol | Company | Correlation |
|---|---|---|
| NTLA | Intellia Therapeutics, IncIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES | 0.33 |
| CASH | Pathward Financial, Inc. Common StockNATIONAL COMMERCIAL BANKS | 0.32 |
| TCBX | Third Coast Bancshares, Inc. Common StockSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED | 0.32 |
| BY | Byline Bancorp, Inc. Common StockSTATE COMMERCIAL BANKS | 0.32 |
| AMAL | Amalgamated Financial Corp. Common Stock (DE)STATE COMMERCIAL BANKS | 0.30 |
Most inversely correlated with GROV
| Symbol | Company | Correlation |
|---|---|---|
| DZZ | DB Gold Double Short ETN due February 15, 2038 | -0.34 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.25 |
| SDD | ProShares UltraShort SmallCap600 | -0.24 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.24 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.23 |
Frequently asked questions about GROV correlations
- Which stocks are most correlated with GROV?
- Based on one year of daily returns, the stocks most correlated with Grove Collaborative Holdings, Inc. (GROV) are NTLA (0.33), CASH (0.32) and TCBX (0.32). 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 GROV?
- Over the past year, the stocks most inversely correlated with Grove Collaborative Holdings, Inc. (GROV) are DZZ (-0.34), SKRE (-0.25) and SDD (-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 GROV correlations calculated?
- We compute the correlation of daily returns between GROV 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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