Pair Trades for RACE (NYSE) - Ferrari NV
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| STLA nyse | 89.6% | 1.47 | Automobile Manufactu.. |
| LI nasdaq | 86.7% | 2.28 | Automobile Manufactu.. |
| HMC nyse | 82.5% | -0.31 | Automobile Manufactu.. |
| TSLA nasdaq | 78.2% | 1.03 | Automobile Manufactu.. |
| TM nyse | 71.0% | 1.87 | Automobile Manufactu.. |
| XPEV nyse | 65.1% | 6.80 | Automobile Manufactu.. |
| THO nyse | 63.6% | 1.23 | Automobile Manufactu.. |
| WGO nyse | 61.7% | 0.53 | Automobile Manufactu.. |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| GOEV nasdaq | -84.9% | -6.63 | Automobile Manufactu.. |
| PSNY nasdaq | -72.0% | -5.94 | Automobile Manufactu.. |
| FSR nyse | -69.0% | -13.29 | Automobile Manufactu.. |
| LCID nasdaq | -58.9% | -6.93 | Automobile Manufactu.. |
| SOLO nasdaq | -52.2% | -4.55 | Automobile Manufactu.. |
| GM nyse | -40.2% | -2.52 | Automobile Manufactu.. |
| NIO nyse | -29.1% | -1.56 | Automobile Manufactu.. |
| RIVN nasdaq | -7.3% | 0.24 | Automobile Manufactu.. |
| F nyse | 19.5% | -2.47 | Automobile Manufactu.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| PHM nyse | 96.0% | 1.72 | Homebuilding |
| DKNG nasdaq | 95.1% | 3.83 | Casinos & Gaming |
| TOL nyse | 94.5% | 1.19 | Homebuilding |
| FTDR nasdaq | 93.9% | -0.07 | Specialized Consumer.. |
| KBH nyse | 93.3% | 0.69 | Homebuilding |
| DECK nyse | 93.2% | 2.05 | Footwear |
| LEN nyse | 92.7% | 0.55 | Homebuilding |
| AMZN nasdaq | 91.7% | 0.95 | Internet & Direct Ma.. |
| DHI nyse | 90.7% | 0.59 | Homebuilding |
| MTH nyse | 90.6% | 0.65 | Homebuilding |
| RCL nyse | 89.9% | 1.75 | Hotels, Resorts & Cr.. |
| STLA nyse | 89.6% | 1.47 | Automobile Manufactu.. |
| TAST nasdaq | 89.3% | 2.18 | Restaurants |
| TMHC nyse | 89.1% | -0.79 | Homebuilding |
| DFH nyse | 87.9% | 2.11 | Homebuilding |
| TPH nyse | 87.6% | -1.18 | Homebuilding |
| BZH nyse | 87.5% | 1.14 | Homebuilding |
| MDC nyse | 86.8% | -0.09 | Homebuilding |
| LI nasdaq | 86.7% | 2.28 | Automobile Manufactu.. |
| ACVA nasdaq | 86.3% | -2.09 | Diversified Support.. |
| ORLY nasdaq | 86.2% | -0.54 | Automotive Retail |
| GRBK nyse | 86.1% | -1.35 | Homebuilding |
| GLBE nasdaq | 85.1% | -1.03 | Broadline Retail |
| MAR nasdaq | 85.0% | 0.87 | Hotels, Resorts & Cr.. |
| HMC nyse | 82.5% | -0.31 | Automobile Manufactu.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ZAPP nasdaq | -85.8% | -24.89 | Automotive Parts & E.. |
| AMCR nyse | -85.0% | -0.98 | Metal, Glass & Plast.. |
| GOEV nasdaq | -84.9% | -6.63 | Automobile Manufactu.. |
| AAP nyse | -84.5% | -8.80 | Automotive Retail |
| VSCO nyse | -83.7% | -1.09 | Apparel Retail |
| VFC nyse | -83.5% | -1.41 | Apparel, Accessories.. |
| FOSL nasdaq | -83.4% | -7.90 | Apparel, Accessories.. |
| JD nasdaq | -83.0% | -2.56 | Internet & Direct Ma.. |
| PLBY nasdaq | -82.5% | -12.58 | Apparel, Accessories.. |
| SPWH nasdaq | -82.3% | -2.06 | Other Specialty Reta.. |
| PRPL nasdaq | -79.4% | -18.01 | Household Appliances |
| ETSY nasdaq | -79.4% | -2.43 | Internet & Direct Ma.. |
| LESL nasdaq | -79.0% | -5.92 | Other Specialty Reta.. |
| BALY nyse | -78.8% | -2.57 | Casinos & Gaming |
| PRTS nasdaq | -78.8% | -4.12 | Internet & Direct Ma.. |
| NDLS nasdaq | -78.3% | -1.99 | Restaurants |
| WKHS nasdaq | -78.2% | -9.58 | Automotive Parts & E.. |
| YOSH nasdaq | -77.7% | 15.10 | Restaurants |
| DXLG nasdaq | -77.7% | -1.53 | Apparel Retail |
| WISH nasdaq | -77.6% | -5.18 | Internet & Direct Ma.. |
| SLGN nyse | -77.0% | -1.79 | Metal, Glass & Plast.. |
| OLPX nasdaq | -76.0% | -5.68 | Internet & Direct Ma.. |
| RVLV nyse | -75.5% | -2.17 | Internet & Direct Ma.. |
| HOG nyse | -75.3% | -1.74 | Motorcycle Manufactu.. |
| PENN nasdaq | -75.3% | -0.74 | Casinos & Gaming |