Hertz Global Holdings Warrants (HTZWW) — Stock Correlations & Overview
Over the past year, HTZWW has moved most closely with HTZ, CAR, TOYO. Explore the stocks most correlated and inversely correlated with HTZWW below, along with its price, financials, and company profile.
Stocks correlated with HTZWW
Correlation of daily returns. Higher positive values move with HTZWW; negative values move opposite it. Informational only, not investment advice.
Most correlated with HTZWW
| Symbol | Company | Correlation |
|---|---|---|
| HTZ | Hertz Global Holdings, Inc Common StockSERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | 0.97 |
| CAR | Avis Budget Group, Inc.SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | 0.37 |
| TOYO | TOYO Co., Ltd Ordinary Shares | 0.34 |
| OVBC | Ohio Valley Banc CorpSTATE COMMERCIAL BANKS | 0.32 |
| APO | Apollo Global Management, Inc.INVESTMENT ADVICE | 0.31 |
Most inversely correlated with HTZWW
| Symbol | Company | Correlation |
|---|---|---|
| QCMD | Direxion Daily QCOM Bear 1X ETF | -0.25 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.24 |
| MZZ | ProShares UltraShort MidCap400 | -0.23 |
| LZ | LegalZoom.com, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.22 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.22 |
Frequently asked questions about HTZWW correlations
- Which stocks are most correlated with HTZWW?
- Based on one year of daily returns, the stocks most correlated with Hertz Global Holdings Warrants (HTZWW) are HTZ (0.97), CAR (0.37) and TOYO (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 HTZWW?
- Over the past year, the stocks most inversely correlated with Hertz Global Holdings Warrants (HTZWW) are QCMD (-0.25), SMDD (-0.24) and MZZ (-0.23). 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 HTZWW correlations calculated?
- We compute the correlation of daily returns between HTZWW 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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