GRAVITY Co., Ltd. (GRVY) — Stock Correlations & Overview
Over the past year, GRVY has moved most closely with EXFY, ABNB, SPT. Explore the stocks most correlated and inversely correlated with GRVY below, along with its price, financials, and company profile.
Stocks correlated with GRVY
Correlation of daily returns. Higher positive values move with GRVY; negative values move opposite it. Informational only, not investment advice.
Most correlated with GRVY
| Symbol | Company | Correlation |
|---|---|---|
| EXFY | Expensify, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.37 |
| ABNB | Airbnb, Inc. Class A Common StockSERVICES-TO DWELLINGS & OTHER BUILDINGS | 0.35 |
| SPT | Sprout Social, Inc Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.34 |
| FCLD | Fidelity Cloud Computing ETF | 0.34 |
| CLOU | Global X Cloud Computing ETF | 0.34 |
Most inversely correlated with GRVY
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.30 |
| ASIX | AdvanSix Inc.PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | -0.27 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.25 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.25 |
Frequently asked questions about GRVY correlations
- Which stocks are most correlated with GRVY?
- Based on one year of daily returns, the stocks most correlated with GRAVITY Co., Ltd. (GRVY) are EXFY (0.37), ABNB (0.35) and SPT (0.34). 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 GRVY?
- Over the past year, the stocks most inversely correlated with GRAVITY Co., Ltd. (GRVY) are WEBS (-0.30), ASIX (-0.27) and FNGD (-0.25). 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 GRVY correlations calculated?
- We compute the correlation of daily returns between GRVY 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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