Which stocks are most correlated with RELY?

Based on one year of daily returns, the stocks most correlated with Remitly Global, Inc. Common Stock (RELY) are VAC (0.53), JBI (0.50) and ACVA (0.49). 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 RELY?

Over the past year, the stocks most inversely correlated with Remitly Global, Inc. Common Stock (RELY) are HDGE (-0.38), SBB (-0.33) and DWSH (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Remitly Global, Inc. Common Stock (RELY) — Stock Correlations & Overview

Over the past year, RELY has moved most closely with VAC, JBI, ACVA. Explore the stocks most correlated and inversely correlated with RELY below, along with its price, financials, and company profile.

Stocks correlated with RELY

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

Most correlated with RELY

Symbol	Company	Correlation
VAC	MARRIOTT VACATIONS WORLDWIDE CORPORATIONREAL ESTATE AGENTS & MANAGERS (FOR OTHERS)	0.53
JBI	Janus International Group, Inc.METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM	0.50
ACVA	ACV Auctions Inc.SERVICES-BUSINESS SERVICES, NEC	0.49
SMLL	Harbor Active Small Cap ETF	0.49
PRKS	United Parks & Resorts Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.48

Most inversely correlated with RELY

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.38
SBB	ProShares Short SmallCap600	-0.33
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.33
SDD	ProShares UltraShort SmallCap600	-0.33
RWM	ProShares Short Russell2000	-0.32

Frequently asked questions about RELY correlations

Which stocks are most correlated with RELY?: Based on one year of daily returns, the stocks most correlated with Remitly Global, Inc. Common Stock (RELY) are VAC (0.53), JBI (0.50) and ACVA (0.49). 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 RELY?: Over the past year, the stocks most inversely correlated with Remitly Global, Inc. Common Stock (RELY) are HDGE (-0.38), SBB (-0.33) and DWSH (-0.33). 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 RELY correlations calculated?: We compute the correlation of daily returns between RELY 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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