Which stocks are most correlated with GSpA?

Based on one year of daily returns, the stocks most correlated with Goldman Sachs Group, Inc. (The) Depositary shares (GSpA) are GSpD (0.71), GSpC (0.69) and MSpA (0.45). 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 GSpA?

Over the past year, the stocks most inversely correlated with Goldman Sachs Group, Inc. (The) Depositary shares (GSpA) are SARK (-0.35), RWM (-0.31) and SETH (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Goldman Sachs Group, Inc. (The) Depositary shares (GSpA) — Stock Correlations & Overview

Over the past year, GSpA has moved most closely with GSpD, GSpC, MSpA. Explore the stocks most correlated and inversely correlated with GSpA below, along with its price, financials, and company profile.

Stocks correlated with GSpA

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

Most correlated with GSpA

Symbol	Company	Correlation
GSpD	Goldman Sachs Group, Inc. (Each representing 1/1000th Interest in a Share of Floating Rate Non-cumulative Preferred Stock Series D, $1.01 par valueSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.71
GSpC	Goldman Sachs Group Dep. Shares (1/1000 Int. of Floating Rate Non-Cum. Prfrd. Stk., Ser. C)SECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.69
MSpA	Morgan Stanley Floating Rate non-cumulative Preferred Series ASECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.45
USBpH	US Bancorp Depositary Shares (1/1,000 Interest in Ser. B Non-Cum. Prptl. Prfrd. Stock)NATIONAL COMMERCIAL BANKS	0.41
NIXT	Research Affiliates Deletions ETF	0.41

Most inversely correlated with GSpA

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.35
RWM	ProShares Short Russell2000	-0.31
SETH	ProShares Short Ether ETF	-0.31
TWM	ProShares UltraShort Russell2000	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.30

Frequently asked questions about GSpA correlations

Which stocks are most correlated with GSpA?: Based on one year of daily returns, the stocks most correlated with Goldman Sachs Group, Inc. (The) Depositary shares (GSpA) are GSpD (0.71), GSpC (0.69) and MSpA (0.45). 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 GSpA?: Over the past year, the stocks most inversely correlated with Goldman Sachs Group, Inc. (The) Depositary shares (GSpA) are SARK (-0.35), RWM (-0.31) and SETH (-0.31). 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 GSpA correlations calculated?: We compute the correlation of daily returns between GSpA 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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