SHOP Shopify Inc. Class A subordinate voting shares

Last close: 148.91
504-day return: +88.52%
Median $/day: $998.4M
Relationships shown: 11
Leader rank: #719

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

SHOP vs EWC

Both indexed to 100 at 2026-05-11.

SHOP EWC · range 93–175 · 2026-05-11 → 2026-11-06

Follows SHOP

These tend to repeat SHOP's moves later.

TCI Transcontinental Realty Investors, Inc.

lag 1dρ -0.20holdout -0.20stable 62%$/day $110kmoderate

Moves with SHOP

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

EWC iShares MSCI Canada ETF

ρ +0.56beyond mkt +0.41holdout +0.49stable 100%robust

LSPD Lightspeed Commerce Inc.

ρ +0.60beyond mkt +0.23holdout +0.67stable 100%robust

TSEL Touchstone ETF Trust Touchstone Sands Capital US Select Growth ETF

ρ +0.63beyond mkt +0.23holdout +0.45stable 88%robust

DCBO Docebo Inc. Common Shares

ρ +0.52beyond mkt +0.18holdout +0.54stable 100%robust

TOGA Tremblant Global ETF

ρ +0.67beyond mkt +0.16holdout +0.70stable 100%robust

GLBE Global-E Online Ltd. Ordinary Shares

ρ +0.55beyond mkt +0.16holdout +0.53stable 100%robust

Moves against SHOP

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.45beyond mkt -0.14holdout -0.23stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.46beyond mkt -0.07holdout -0.36stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.35beyond mkt +0.06holdout -0.18stable 88%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.46beyond mkt -0.01holdout -0.34stable 88%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.55recent -0.18prior +0.37beyond mkt +0.03

CRAK VanEck Oil Refiners ETF

Δ -0.51recent -0.39prior +0.12beyond mkt -0.06

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.51recent -0.53prior -0.03beyond mkt -0.06

GPRE Green Plains Inc. Common Stock

Δ -0.48recent -0.32prior +0.17beyond mkt +0.08

WGS GeneDx Holdings Corp. Class A Common Stock

Δ -0.45recent -0.03prior +0.42beyond mkt +0.08

PCT PureCycle Technologies, Inc. Common stock

Δ -0.44recent -0.12prior +0.32beyond mkt -0.07

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
EWC iShares MSCI Canada ETF	+0.41	+0.56	2