Gorilla Technology Group Inc. Ordinary shares (GRRR) — Stock Correlations & Overview
Over the past year, GRRR has moved most closely with FITE, WISE, IWP. Explore the stocks most correlated and inversely correlated with GRRR below, along with its price, financials, and company profile.
Stocks correlated with GRRR
Correlation of daily returns. Higher positive values move with GRRR; negative values move opposite it. Informational only, not investment advice.
Most correlated with GRRR
| Symbol | Company | Correlation |
|---|---|---|
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.60 |
| WISE | Themes Generative Artificial Intelligence ETF | 0.59 |
| IWP | iShares Russell Mid-Cap Growth ETF | 0.55 |
| THNQ | ROBO Global Artificial Intelligence ETF | 0.54 |
| LOUP | Innovator Deepwater Frontier Tech ETF | 0.54 |
Most inversely correlated with GRRR
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.48 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.47 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.47 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.46 |
| REW | Proshares UltraShort Technology | -0.45 |
Frequently asked questions about GRRR correlations
- Which stocks are most correlated with GRRR?
- Based on one year of daily returns, the stocks most correlated with Gorilla Technology Group Inc. Ordinary shares (GRRR) are FITE (0.60), WISE (0.59) and IWP (0.55). 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 GRRR?
- Over the past year, the stocks most inversely correlated with Gorilla Technology Group Inc. Ordinary shares (GRRR) are SARK (-0.48), HIBS (-0.47) and AIBD (-0.47). 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 GRRR correlations calculated?
- We compute the correlation of daily returns between GRRR 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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