Which stocks are most correlated with RDNW?

Based on one year of daily returns, the stocks most correlated with RideNow Group, Inc. Class B Common Stock (RDNW) are BWpA (0.36), ISMD (0.33) and SLYV (0.33). 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 RDNW?

Over the past year, the stocks most inversely correlated with RideNow Group, Inc. Class B Common Stock (RDNW) are SDD (-0.32), SBB (-0.30) and TZA (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

RideNow Group, Inc. Class B Common Stock (RDNW) — Stock Correlations & Overview

Over the past year, RDNW has moved most closely with BWpA, ISMD, SLYV. Explore the stocks most correlated and inversely correlated with RDNW below, along with its price, financials, and company profile.

Stocks correlated with RDNW

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

Most correlated with RDNW

Symbol	Company	Correlation
BWpA	Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred StockHEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES	0.36
ISMD	Inspire Small/Mid Cap ETF	0.33
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	0.33
DEEP	Acquirers Small and Micro Deep Value ETF	0.33
JPSE	JPMorgan Diversified Return US Small Cap Equity ETF	0.33

Most inversely correlated with RDNW

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.32
SBB	ProShares Short SmallCap600	-0.30
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.30
TWM	ProShares UltraShort Russell2000	-0.29
SRTY	ProShares UltraPro Short Russell2000	-0.29

Frequently asked questions about RDNW correlations

Which stocks are most correlated with RDNW?: Based on one year of daily returns, the stocks most correlated with RideNow Group, Inc. Class B Common Stock (RDNW) are BWpA (0.36), ISMD (0.33) and SLYV (0.33). 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 RDNW?: Over the past year, the stocks most inversely correlated with RideNow Group, Inc. Class B Common Stock (RDNW) are SDD (-0.32), SBB (-0.30) and TZA (-0.30). 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 RDNW correlations calculated?: We compute the correlation of daily returns between RDNW 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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