The Generation Essentials Group (TGE) — Stock Correlations & Overview
Over the past year, TGE has moved most closely with OSPN, RHLD, PRLD. Explore the stocks most correlated and inversely correlated with TGE below, along with its price, financials, and company profile.
Stocks correlated with TGE
Correlation of daily returns. Higher positive values move with TGE; negative values move opposite it. Informational only, not investment advice.
Most correlated with TGE
| Symbol | Company | Correlation |
|---|---|---|
| OSPN | OneSpan Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.52 |
| RHLD | Resolute Holdings Management, Inc.FINANCE SERVICES | 0.46 |
| PRLD | Prelude Therapeutics IncorporatedPHARMACEUTICAL PREPARATIONS | 0.41 |
| FET | Forum Energy Technologies, Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT | 0.41 |
| MSBI | Midland States Bancorp, Inc. Common StockSTATE COMMERCIAL BANKS | 0.40 |
Most inversely correlated with TGE
| Symbol | Company | Correlation |
|---|---|---|
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | -0.41 |
| BHF | Brighthouse Financial, Inc.LIFE INSURANCE | -0.40 |
| AMTD | AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares | -0.36 |
| MNOV | Medicinova, Inc.PHARMACEUTICAL PREPARATIONS | -0.35 |
| TVGNW | Tevogen Inc. WarrantBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.34 |
Frequently asked questions about TGE correlations
- Which stocks are most correlated with TGE?
- Based on one year of daily returns, the stocks most correlated with The Generation Essentials Group (TGE) are OSPN (0.52), RHLD (0.46) and PRLD (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 TGE?
- Over the past year, the stocks most inversely correlated with The Generation Essentials Group (TGE) are HKD (-0.41), BHF (-0.40) and AMTD (-0.36). 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 TGE correlations calculated?
- We compute the correlation of daily returns between TGE 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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