PRA Group, Inc. (PRAA) — Stock Correlations & Overview
Over the past year, PRAA has moved most closely with ECPG, NAVI, NRDS. Explore the stocks most correlated and inversely correlated with PRAA below, along with its price, financials, and company profile.
Stocks correlated with PRAA
Correlation of daily returns. Higher positive values move with PRAA; negative values move opposite it. Informational only, not investment advice.
Most correlated with PRAA
| Symbol | Company | Correlation |
|---|---|---|
| ECPG | Encore Capital Group, Inc.SHORT-TERM BUSINESS CREDIT INSTITUTIONS | 0.60 |
| NAVI | Navient CorporationSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.47 |
| NRDS | NerdWallet, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.45 |
| JCAP | Jefferson Capital, Inc. Common StockSHORT-TERM BUSINESS CREDIT INSTITUTIONS | 0.45 |
| SOVF | Sovereign's Capital Flourish Fund | 0.45 |
Most inversely correlated with PRAA
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.41 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.37 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| SDD | ProShares UltraShort SmallCap600 | -0.33 |
| SBB | ProShares Short SmallCap600 | -0.32 |
Frequently asked questions about PRAA correlations
- Which stocks are most correlated with PRAA?
- Based on one year of daily returns, the stocks most correlated with PRA Group, Inc. (PRAA) are ECPG (0.60), NAVI (0.47) and NRDS (0.45). 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 PRAA?
- Over the past year, the stocks most inversely correlated with PRA Group, Inc. (PRAA) are HDGE (-0.41), DWSH (-0.37) and FLYD (-0.37). 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 PRAA correlations calculated?
- We compute the correlation of daily returns between PRAA 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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