Leverage Shares 2X Long ADBE Daily ETF (ADBG) — Stock Correlations & Overview
Over the past year, ADBG has moved most closely with ADBE, CRMG, CRM. Explore the stocks most correlated and inversely correlated with ADBG below, along with its price, financials, and company profile.
Stocks correlated with ADBG
Correlation of daily returns. Higher positive values move with ADBG; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADBG
| Symbol | Company | Correlation |
|---|---|---|
| ADBE | Adobe Inc.SERVICES-PREPACKAGED SOFTWARE | 1.00 |
| CRMG | Leverage Shares 2X Long CRM Daily ETF | 0.76 |
| CRM | Salesforce, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.75 |
| WDAY | Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.74 |
| NOW | SERVICENOW, INC.SERVICES-PREPACKAGED SOFTWARE | 0.74 |
Most inversely correlated with ADBG
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.54 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.49 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.46 |
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | -0.45 |
| ZAP | Global X U.S. Electrification ETF | -0.41 |
Frequently asked questions about ADBG correlations
- Which stocks are most correlated with ADBG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long ADBE Daily ETF (ADBG) are ADBE (1.00), CRMG (0.76) and CRM (0.75). 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 ADBG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long ADBE Daily ETF (ADBG) are HDGE (-0.54), DWSH (-0.49) and WEBS (-0.46). 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 ADBG correlations calculated?
- We compute the correlation of daily returns between ADBG 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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