Ferrari N.V. (RACE) — Stock Correlations & Overview
Over the past year, RACE has moved most closely with OEFA, EFAD, QLTI. Explore the stocks most correlated and inversely correlated with RACE below, along with its price, financials, and company profile.
Stocks correlated with RACE
Correlation of daily returns. Higher positive values move with RACE; negative values move opposite it. Informational only, not investment advice.
Most correlated with RACE
| Symbol | Company | Correlation |
|---|---|---|
| OEFA | ALPS O'Shares International Developed Quality Dividend ETF | 0.55 |
| EFAD | ProShares MSCI EAFE Dividend Growers ETF | 0.52 |
| QLTI | GMO International Quality ETF | 0.51 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.51 |
| BKCI | BNY Mellon Concentrated International ETF | 0.51 |
Frequently asked questions about RACE correlations
- Which stocks are most correlated with RACE?
- Based on one year of daily returns, the stocks most correlated with Ferrari N.V. (RACE) are OEFA (0.55), EFAD (0.52) and QLTI (0.51). 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 RACE?
- Over the past year, the stocks most inversely correlated with Ferrari N.V. (RACE) are CARD (-0.47), EPV (-0.45) and EFU (-0.44). 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 RACE correlations calculated?
- We compute the correlation of daily returns between RACE 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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