Which stocks are most correlated with PTON?

Based on one year of daily returns, the stocks most correlated with Peloton Interactive, Inc. Class A Common Stock (PTON) are SCSC (0.50), IBUY (0.48) and GOOS (0.48). 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 PTON?

Over the past year, the stocks most inversely correlated with Peloton Interactive, Inc. Class A Common Stock (PTON) are WEBS (-0.41), HDGE (-0.39) and CARD (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Peloton Interactive, Inc. Class A Common Stock (PTON) — Stock Correlations & Overview

Over the past year, PTON has moved most closely with SCSC, IBUY, GOOS. Explore the stocks most correlated and inversely correlated with PTON below, along with its price, financials, and company profile.

Stocks correlated with PTON

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

Most correlated with PTON

Symbol	Company	Correlation
SCSC	Scansource IncWHOLESALE-COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE	0.50
IBUY	Amplify Online Retail ETF	0.48
GOOS	Canada Goose Holdings Inc.	0.48
GENI	Genius Sports Limited	0.46
RNIN	Bushido Capital US SMID Cap Equity ETF	0.44

Most inversely correlated with PTON

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.41
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.39
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.36

Frequently asked questions about PTON correlations

Which stocks are most correlated with PTON?: Based on one year of daily returns, the stocks most correlated with Peloton Interactive, Inc. Class A Common Stock (PTON) are SCSC (0.50), IBUY (0.48) and GOOS (0.48). 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 PTON?: Over the past year, the stocks most inversely correlated with Peloton Interactive, Inc. Class A Common Stock (PTON) are WEBS (-0.41), HDGE (-0.39) and CARD (-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 PTON correlations calculated?: We compute the correlation of daily returns between PTON 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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