Rave Restaurant Group, Inc. (RAVE) — Stock Correlations & Overview
Over the past year, RAVE has moved most closely with IBEX, LFST, VVR. Explore the stocks most correlated and inversely correlated with RAVE below, along with its price, financials, and company profile.
Stocks correlated with RAVE
Correlation of daily returns. Higher positive values move with RAVE; negative values move opposite it. Informational only, not investment advice.
Most correlated with RAVE
| Symbol | Company | Correlation |
|---|---|---|
| IBEX | IBEX Limited Common SharesSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.31 |
| LFST | LifeStance Health Group, Inc. Common StockSERVICES-HEALTH SERVICES | 0.29 |
| VVR | Invesco Senior Income Trust | 0.26 |
| DDOG | Datadog, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.26 |
| RDWR | Radware Ltd. | 0.26 |
Most inversely correlated with RAVE
| Symbol | Company | Correlation |
|---|---|---|
| USPH | US Physical Therapy IncSERVICES-HEALTH SERVICES | -0.23 |
| QTTB | Q32 Bio Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.20 |
| DGZ | DB Gold Short ETN due February 15, 2038 | -0.19 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.18 |
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.17 |
Frequently asked questions about RAVE correlations
- Which stocks are most correlated with RAVE?
- Based on one year of daily returns, the stocks most correlated with Rave Restaurant Group, Inc. (RAVE) are IBEX (0.31), LFST (0.29) and VVR (0.26). 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 RAVE?
- Over the past year, the stocks most inversely correlated with Rave Restaurant Group, Inc. (RAVE) are USPH (-0.23), QTTB (-0.20) and DGZ (-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 RAVE correlations calculated?
- We compute the correlation of daily returns between RAVE 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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