Monarch Casino & Resort Inc (MCRI) — Stock Correlations & Overview
Over the past year, MCRI has moved most closely with RRR, MAS, TORO. Explore the stocks most correlated and inversely correlated with MCRI below, along with its price, financials, and company profile.
Stocks correlated with MCRI
Correlation of daily returns. Higher positive values move with MCRI; negative values move opposite it. Informational only, not investment advice.
Most correlated with MCRI
| Symbol | Company | Correlation |
|---|---|---|
| RRR | Red Rock Resorts, Inc. Class A Common StockHOTELS & MOTELS | 0.42 |
| MAS | Masco CorporationHEATING EQUIP, EXCEPT ELEC & WARM AIR; & PLUMBING FIXTURES | 0.41 |
| TORO | Toro Corp. Common Stock | 0.40 |
| ZWS | Zurn Elkay Water Solutions CorporationGENERAL INDUSTRIAL MACHINERY & EQUIPMENT | 0.37 |
| BYD | Boyd Gaming CorporationHOTELS & MOTELS | 0.37 |
Most inversely correlated with MCRI
| Symbol | Company | Correlation |
|---|---|---|
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 | -0.29 |
| SDD | ProShares UltraShort SmallCap600 | -0.28 |
| SBB | ProShares Short SmallCap600 | -0.27 |
| CAR | Avis Budget Group, Inc.SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | -0.26 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.25 |
Frequently asked questions about MCRI correlations
- Which stocks are most correlated with MCRI?
- Based on one year of daily returns, the stocks most correlated with Monarch Casino & Resort Inc (MCRI) are RRR (0.42), MAS (0.41) and TORO (0.40). 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 MCRI?
- Over the past year, the stocks most inversely correlated with Monarch Casino & Resort Inc (MCRI) are USOI (-0.29), SDD (-0.28) and SBB (-0.27). 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 MCRI correlations calculated?
- We compute the correlation of daily returns between MCRI 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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