Which stocks are most correlated with GRPN?

Based on one year of daily returns, the stocks most correlated with Groupon, Inc.Common Stock (GRPN) are NIXT (0.43), SMAY (0.41) and SMOT (0.41). 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 GRPN?

Over the past year, the stocks most inversely correlated with Groupon, Inc.Common Stock (GRPN) are SDD (-0.38), RWM (-0.37) and SBB (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Groupon, Inc.Common Stock (GRPN) — Stock Correlations & Overview

Over the past year, GRPN has moved most closely with NIXT, SMAY, SMOT. Explore the stocks most correlated and inversely correlated with GRPN below, along with its price, financials, and company profile.

Stocks correlated with GRPN

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

Most correlated with GRPN

Symbol	Company	Correlation
NIXT	Research Affiliates Deletions ETF	0.43
SMAY	FT Vest U.S. Small Cap Moderate Buffer ETF - May	0.41
SMOT	VanEck Morningstar SMID Moat ETF	0.41
ITAN	Sparkline Intangible Value ETF	0.41
JVAL	JPMorgan U.S. Value Factor ETF	0.41

Most inversely correlated with GRPN

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.38
RWM	ProShares Short Russell2000	-0.37
SBB	ProShares Short SmallCap600	-0.37
TWM	ProShares UltraShort Russell2000	-0.37
SH	ProShares Short S&P500	-0.37

Frequently asked questions about GRPN correlations

Which stocks are most correlated with GRPN?: Based on one year of daily returns, the stocks most correlated with Groupon, Inc.Common Stock (GRPN) are NIXT (0.43), SMAY (0.41) and SMOT (0.41). 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 GRPN?: Over the past year, the stocks most inversely correlated with Groupon, Inc.Common Stock (GRPN) are SDD (-0.38), RWM (-0.37) and SBB (-0.37). 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 GRPN correlations calculated?: We compute the correlation of daily returns between GRPN 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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