Polestar Automotive Holding UK PLC Class C-1 ADS (ADW) (PSNYW) — Stock Correlations & Overview
Over the past year, PSNYW has moved most closely with PRAX, LBGJ, GVH. Explore the stocks most correlated and inversely correlated with PSNYW below, along with its price, financials, and company profile.
Stocks correlated with PSNYW
Correlation of daily returns. Higher positive values move with PSNYW; negative values move opposite it. Informational only, not investment advice.
Most correlated with PSNYW
| Symbol | Company | Correlation |
|---|---|---|
| PRAX | Praxis Precision Medicines, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| LBGJ | Li Bang International Corporation Inc. Class A Ordinary Shares | 0.24 |
| GVH | Globavend Holdings Limited Ordinary Shares | 0.21 |
| CELU | Celularity Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS | 0.19 |
| JBHT | JB Hunt Transport Services IncTRUCKING (NO LOCAL) | 0.19 |
Most inversely correlated with PSNYW
| Symbol | Company | Correlation |
|---|---|---|
| MCRP | Micropolis AI Robotics | -0.23 |
| GORO | Goldgroup Mining Inc. | -0.23 |
| COST | Costco Wholesale CorpRETAIL-VARIETY STORES | -0.22 |
| KVUE | Kenvue Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | -0.21 |
| PSQH.WS | PSQ Holdings, Inc. Warrants, Each whole warrant exercisable for 1/15th of a share of Class A common stock at an exercise price of $172.50 per shareSERVICES-ADVERTISING | -0.21 |
Frequently asked questions about PSNYW correlations
- Which stocks are most correlated with PSNYW?
- Based on one year of daily returns, the stocks most correlated with Polestar Automotive Holding UK PLC Class C-1 ADS (ADW) (PSNYW) are PRAX (0.28), LBGJ (0.24) and GVH (0.21). 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 PSNYW?
- Over the past year, the stocks most inversely correlated with Polestar Automotive Holding UK PLC Class C-1 ADS (ADW) (PSNYW) are MCRP (-0.23), GORO (-0.23) and COST (-0.22). 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 PSNYW correlations calculated?
- We compute the correlation of daily returns between PSNYW 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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