Archer Aviation Inc. (ACHR) — Stock Correlations & Overview
Over the past year, ACHR has moved most closely with ARCX, JOBY, JOBX. Explore the stocks most correlated and inversely correlated with ACHR below, along with its price, financials, and company profile.
Stocks correlated with ACHR
Correlation of daily returns. Higher positive values move with ACHR; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACHR
| Symbol | Company | Correlation |
|---|---|---|
| ARCX | Tradr 2X Long ACHR Daily ETF | 0.99 |
| JOBY | Joby Aviation, Inc.AIRCRAFT | 0.77 |
| JOBX | Tradr 2X Long JOBY Daily ETF | 0.76 |
| EVEX | Eve Holding, Inc.AIRCRAFT | 0.73 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.71 |
Most inversely correlated with ACHR
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.67 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.62 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.59 |
| TWM | ProShares UltraShort Russell2000 | -0.57 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.57 |
Frequently asked questions about ACHR correlations
- Which stocks are most correlated with ACHR?
- Based on one year of daily returns, the stocks most correlated with Archer Aviation Inc. (ACHR) are ARCX (0.99), JOBY (0.77) and JOBX (0.76). 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 ACHR?
- Over the past year, the stocks most inversely correlated with Archer Aviation Inc. (ACHR) are SARK (-0.67), RGTZ (-0.62) and QBTZ (-0.59). 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 ACHR correlations calculated?
- We compute the correlation of daily returns between ACHR 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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