Which stocks are most correlated with ROOT?

Based on one year of daily returns, the stocks most correlated with Root, Inc. Class A Common Stock (ROOT) are PRTH (0.51), LMND (0.49) and MILN (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 ROOT?

Over the past year, the stocks most inversely correlated with Root, Inc. Class A Common Stock (ROOT) are HDGE (-0.45), FLYD (-0.44) and DXD (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Root, Inc. Class A Common Stock (ROOT) — Stock Correlations & Overview

Over the past year, ROOT has moved most closely with PRTH, LMND, MILN. Explore the stocks most correlated and inversely correlated with ROOT below, along with its price, financials, and company profile.

Stocks correlated with ROOT

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

Most correlated with ROOT

Symbol	Company	Correlation
PRTH	Priority Technology Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC	0.51
LMND	Lemonade, Inc.FIRE, MARINE & CASUALTY INSURANCE	0.49
MILN	Global X Funds Global X Millennial Consumer ETF	0.49
TMFX	Motley Fool Next Index ETF	0.49
SXQG	ETC 6 Meridian Quality Growth ETF	0.49

Most inversely correlated with ROOT

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.45
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.44
DXD	ProShares UltraShort Dow 30	-0.41
SDOW	ProShares UltraPro Short Dow 30	-0.41
DOG	ProShares Short Dow30	-0.40

Frequently asked questions about ROOT correlations

Which stocks are most correlated with ROOT?: Based on one year of daily returns, the stocks most correlated with Root, Inc. Class A Common Stock (ROOT) are PRTH (0.51), LMND (0.49) and MILN (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 ROOT?: Over the past year, the stocks most inversely correlated with Root, Inc. Class A Common Stock (ROOT) are HDGE (-0.45), FLYD (-0.44) and DXD (-0.41). 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 ROOT correlations calculated?: We compute the correlation of daily returns between ROOT 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.