Mcgrath Rentcorp (MGRC) — Stock Correlations & Overview
Over the past year, MGRC has moved most closely with SMDV, DGRS, JPSV. Explore the stocks most correlated and inversely correlated with MGRC below, along with its price, financials, and company profile.
Stocks correlated with MGRC
Correlation of daily returns. Higher positive values move with MGRC; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGRC
| Symbol | Company | Correlation |
|---|---|---|
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 0.53 |
| DGRS | WisdomTree Trust WisdomTree U.S. SmallCap Quality Dividend Growth Fund | 0.53 |
| JPSV | JPMorgan Active Small Cap Value ETF | 0.52 |
| FMBH | First Mid Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS | 0.50 |
| SMLV | State Street SPDR US Small Cap Low Volatility Index ETF | 0.50 |
Frequently asked questions about MGRC correlations
- Which stocks are most correlated with MGRC?
- Based on one year of daily returns, the stocks most correlated with Mcgrath Rentcorp (MGRC) are SMDV (0.53), DGRS (0.53) and JPSV (0.52). 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 MGRC?
- Over the past year, the stocks most inversely correlated with Mcgrath Rentcorp (MGRC) are SDD (-0.44), SBB (-0.44) and SKRE (-0.42). 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 MGRC correlations calculated?
- We compute the correlation of daily returns between MGRC 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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