GraniteShares YieldBOOST PLTR ETF (PLYY) — Stock Correlations & Overview
Over the past year, PLYY has moved most closely with PTIR, PLTA, PLTG. Explore the stocks most correlated and inversely correlated with PLYY below, along with its price, financials, and company profile.
Stocks correlated with PLYY
Correlation of daily returns. Higher positive values move with PLYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with PLYY
| Symbol | Company | Correlation |
|---|---|---|
| PTIR | GraniteShares 2x Long PLTR Daily ETF | 0.73 |
| PLTA | ProShares Ultra PLTR | 0.73 |
| PLTG | Leverage Shares 2X Long PLTR Daily ETF | 0.72 |
| PLTU | Direxion Shares ETF Trust Direxion Daily PLTR Bull 2X ETF | 0.71 |
| PLTR | Palantir Technologies Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.71 |
Most inversely correlated with PLYY
| Symbol | Company | Correlation |
|---|---|---|
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.66 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.61 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.46 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.45 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.43 |
Frequently asked questions about PLYY correlations
- Which stocks are most correlated with PLYY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBOOST PLTR ETF (PLYY) are PTIR (0.73), PLTA (0.73) and PLTG (0.72). 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 PLYY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBOOST PLTR ETF (PLYY) are PLTD (-0.66), PLTZ (-0.61) and SARK (-0.46). 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 PLYY correlations calculated?
- We compute the correlation of daily returns between PLYY 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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