Sportradar Group AG Class A Ordinary Shares (SRAD) — Stock Correlations & Overview
Over the past year, SRAD has moved most closely with BETZ, ODDS, DKNG. Explore the stocks most correlated and inversely correlated with SRAD below, along with its price, financials, and company profile.
Stocks correlated with SRAD
Correlation of daily returns. Higher positive values move with SRAD; negative values move opposite it. Informational only, not investment advice.
Most correlated with SRAD
| Symbol | Company | Correlation |
|---|---|---|
| BETZ | Roundhill Sports Betting & iGaming ETF | 0.50 |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 0.46 |
| DKNG | DraftKings Inc. Class A Common StockSERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | 0.41 |
| GENI | Genius Sports Limited | 0.39 |
| DRAY | YieldMax DKNG Option Income Strategy ETFBLANK CHECKS | 0.39 |
Most inversely correlated with SRAD
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.26 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.24 |
| AKAN | Akanda Corp. Common Shares | -0.23 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.23 |
| RITR | Reitar Logtech Holdings Limited Ordinary shares | -0.23 |
Frequently asked questions about SRAD correlations
- Which stocks are most correlated with SRAD?
- Based on one year of daily returns, the stocks most correlated with Sportradar Group AG Class A Ordinary Shares (SRAD) are BETZ (0.50), ODDS (0.46) and DKNG (0.41). 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 SRAD?
- Over the past year, the stocks most inversely correlated with Sportradar Group AG Class A Ordinary Shares (SRAD) are HDGE (-0.26), DWSH (-0.24) and AKAN (-0.23). 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 SRAD correlations calculated?
- We compute the correlation of daily returns between SRAD 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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