TKO Group Holdings, Inc. (TKO) — Stock Correlations & Overview
Over the past year, TKO has moved most closely with PEJ, RSPC, SMMV. Explore the stocks most correlated and inversely correlated with TKO below, along with its price, financials, and company profile.
Stocks correlated with TKO
Correlation of daily returns. Higher positive values move with TKO; negative values move opposite it. Informational only, not investment advice.
Most correlated with TKO
| Symbol | Company | Correlation |
|---|---|---|
| PEJ | Invesco Leisure and Entertainment ETF | 0.46 |
| RSPC | Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF | 0.43 |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.41 |
| TOGA | Tremblant Global ETF | 0.40 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.40 |
Most inversely correlated with TKO
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.34 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.33 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.30 |
Frequently asked questions about TKO correlations
- Which stocks are most correlated with TKO?
- Based on one year of daily returns, the stocks most correlated with TKO Group Holdings, Inc. (TKO) are PEJ (0.46), RSPC (0.43) and SMMV (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 TKO?
- Over the past year, the stocks most inversely correlated with TKO Group Holdings, Inc. (TKO) are FLYD (-0.38), HDGE (-0.34) and CARD (-0.34). 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 TKO correlations calculated?
- We compute the correlation of daily returns between TKO 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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