Which stocks are most correlated with TSQ?

Based on one year of daily returns, the stocks most correlated with TOWNSQUARE MEDIA, INC. (TSQ) are GGZ (0.38), CCFE (0.35) and LCAP (0.34). 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 TSQ?

Over the past year, the stocks most inversely correlated with TOWNSQUARE MEDIA, INC. (TSQ) are DXD (-0.31), DOG (-0.31) and SDOW (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

TOWNSQUARE MEDIA, INC. (TSQ) — Stock Correlations & Overview

Over the past year, TSQ has moved most closely with GGZ, CCFE, LCAP. Explore the stocks most correlated and inversely correlated with TSQ below, along with its price, financials, and company profile.

Stocks correlated with TSQ

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

Most correlated with TSQ

Symbol	Company	Correlation
GGZ	The Gabelli Global Small and Mid Cap Value Trust	0.38
CCFE	Concourse Capital Focused Equity ETF	0.35
LCAP	Principal Capital Appreciation Select ETFSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.34
RMT	Royce Micro-Cap Trust Inc	0.33
DEEP	Acquirers Small and Micro Deep Value ETF	0.33

Most inversely correlated with TSQ

Symbol	Company	Correlation
DXD	ProShares UltraShort Dow 30	-0.31
DOG	ProShares Short Dow30	-0.31
SDOW	ProShares UltraPro Short Dow 30	-0.31
SDD	ProShares UltraShort SmallCap600	-0.30
SBB	ProShares Short SmallCap600	-0.30

Frequently asked questions about TSQ correlations

Which stocks are most correlated with TSQ?: Based on one year of daily returns, the stocks most correlated with TOWNSQUARE MEDIA, INC. (TSQ) are GGZ (0.38), CCFE (0.35) and LCAP (0.34). 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 TSQ?: Over the past year, the stocks most inversely correlated with TOWNSQUARE MEDIA, INC. (TSQ) are DXD (-0.31), DOG (-0.31) and SDOW (-0.31). 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 TSQ correlations calculated?: We compute the correlation of daily returns between TSQ 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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