Which stocks are most correlated with PSNY?

Based on one year of daily returns, the stocks most correlated with Polestar Automotive Holding UK PLC Class A ADS (PSNY) are MOMO (0.26), NCT (0.26) and XC (0.24). 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 PSNY?

Over the past year, the stocks most inversely correlated with Polestar Automotive Holding UK PLC Class A ADS (PSNY) are NFXS (-0.22), SLM (-0.19) and RGTZ (-0.19). A negative correlation means the two stocks have tended to move in opposite directions.

Polestar Automotive Holding UK PLC Class A ADS (PSNY) — Stock Correlations & Overview

Over the past year, PSNY has moved most closely with MOMO, NCT, XC. Explore the stocks most correlated and inversely correlated with PSNY below, along with its price, financials, and company profile.

Stocks correlated with PSNY

Correlation of daily returns. Higher positive values move with PSNY; negative values move opposite it. Informational only, not investment advice.

Most correlated with PSNY

Symbol	Company	Correlation
MOMO	Hello Group Inc. American Depositary Shares	0.26
NCT	Intercont (Cayman) Limited Class A Ordinary shares	0.26
XC	WisdomTree True Emerging Markets Fund	0.24
CNBS	Amplify Seymour Cannabis ETF	0.24
WEED	Roundhill Cannabis ETF	0.24

Most inversely correlated with PSNY

Symbol	Company	Correlation
NFXS	Direxion Shares ETF Trust Direxion Daily NFLX Bear 1X ETF	-0.22
SLM	SLM CorporationPERSONAL CREDIT INSTITUTIONS	-0.19
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.19
SGU	Star Group, L.P. Common Units Representing Limited Partner InterestRETAIL-RETAIL STORES, NEC	-0.19
MGLD	The Marygold Companies, Inc.FINANCE SERVICES	-0.19

Frequently asked questions about PSNY correlations

Which stocks are most correlated with PSNY?: Based on one year of daily returns, the stocks most correlated with Polestar Automotive Holding UK PLC Class A ADS (PSNY) are MOMO (0.26), NCT (0.26) and XC (0.24). 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 PSNY?: Over the past year, the stocks most inversely correlated with Polestar Automotive Holding UK PLC Class A ADS (PSNY) are NFXS (-0.22), SLM (-0.19) and RGTZ (-0.19). 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 PSNY correlations calculated?: We compute the correlation of daily returns between PSNY 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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