Which stocks are most correlated with SBGI?

Based on one year of daily returns, the stocks most correlated with Sinclair, Inc. Class A Common Stock (SBGI) are GTN (0.59), NXST (0.46) and RSPC (0.44). 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 SBGI?

Over the past year, the stocks most inversely correlated with Sinclair, Inc. Class A Common Stock (SBGI) are ENGS (-0.31), FLYD (-0.28) and HDGE (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Sinclair, Inc. Class A Common Stock (SBGI) — Stock Correlations & Overview

Over the past year, SBGI has moved most closely with GTN, NXST, RSPC. Explore the stocks most correlated and inversely correlated with SBGI below, along with its price, financials, and company profile.

Stocks correlated with SBGI

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

Most correlated with SBGI

Symbol	Company	Correlation
GTN	Gray Media, Inc.TELEVISION BROADCASTING STATIONS	0.59
NXST	Nexstar Media Group, Inc. Common StockTELEVISION BROADCASTING STATIONS	0.46
RSPC	Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF	0.44
FOX	Fox Corporation Class B Common StockTELEVISION BROADCASTING STATIONS	0.41
FOXA	Fox Corporation Class A Common StockTELEVISION BROADCASTING STATIONS	0.39

Most inversely correlated with SBGI

Symbol	Company	Correlation
ENGS	Energys Group Limited Ordinary Shares	-0.31
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.28
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.27
FAZ	Direxion Daily Financial Bear 3x ETF	-0.27
SKF	ProShares UltraShort Financials	-0.27

Frequently asked questions about SBGI correlations

Which stocks are most correlated with SBGI?: Based on one year of daily returns, the stocks most correlated with Sinclair, Inc. Class A Common Stock (SBGI) are GTN (0.59), NXST (0.46) and RSPC (0.44). 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 SBGI?: Over the past year, the stocks most inversely correlated with Sinclair, Inc. Class A Common Stock (SBGI) are ENGS (-0.31), FLYD (-0.28) and HDGE (-0.27). 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 SBGI correlations calculated?: We compute the correlation of daily returns between SBGI 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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