Which stocks are most correlated with GVA?

Based on one year of daily returns, the stocks most correlated with Granite Construction Inc. (GVA) are ROAD (0.63), AIRR (0.59) and PKB (0.58). 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 GVA?

Over the past year, the stocks most inversely correlated with Granite Construction Inc. (GVA) are SIJ (-0.52), SMDD (-0.47) and MYY (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Granite Construction Inc. (GVA) — Stock Correlations & Overview

Over the past year, GVA has moved most closely with ROAD, AIRR, PKB. Explore the stocks most correlated and inversely correlated with GVA below, along with its price, financials, and company profile.

Stocks correlated with GVA

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

Most correlated with GVA

Symbol	Company	Correlation
ROAD	Construction Partners, Inc. Class A Common StockHEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS	0.63
AIRR	First Trust RBA American Industrial Renaissance ETF	0.59
PKB	Invesco Building & Construction ETF	0.58
PAVE	Global X U.S. Infrastructure Development ETF	0.57
PSCI	Invesco S&P SmallCap Industrials ETFINVESTMENT ADVICE	0.56

Most inversely correlated with GVA

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.52
SMDD	ProShares UltraPro Short MidCap400	-0.47
MYY	ProShares Short MidCap400	-0.47
MZZ	ProShares UltraShort MidCap400	-0.47
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.45

Frequently asked questions about GVA correlations

Which stocks are most correlated with GVA?: Based on one year of daily returns, the stocks most correlated with Granite Construction Inc. (GVA) are ROAD (0.63), AIRR (0.59) and PKB (0.58). 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 GVA?: Over the past year, the stocks most inversely correlated with Granite Construction Inc. (GVA) are SIJ (-0.52), SMDD (-0.47) and MYY (-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 GVA correlations calculated?: We compute the correlation of daily returns between GVA 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.