Aeva Technologies, Inc. (AEVA) — Stock Correlations & Overview
Over the past year, AEVA has moved most closely with OUST, MAKX, MEME. Explore the stocks most correlated and inversely correlated with AEVA below, along with its price, financials, and company profile.
Stocks correlated with AEVA
Correlation of daily returns. Higher positive values move with AEVA; negative values move opposite it. Informational only, not investment advice.
Most correlated with AEVA
| Symbol | Company | Correlation |
|---|---|---|
| OUST | Ouster, Inc.GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC | 0.69 |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 0.63 |
| MEME | Roundhill Meme Stock ETF | 0.63 |
| WQTM | WisdomTree Quantum Computing Fund | 0.63 |
| HAIL | State Street SPDR S&P Kensho Smart Mobility ETF | 0.60 |
Most inversely correlated with AEVA
| Symbol | Company | Correlation |
|---|---|---|
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.51 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.51 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.50 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.50 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.49 |
Frequently asked questions about AEVA correlations
- Which stocks are most correlated with AEVA?
- Based on one year of daily returns, the stocks most correlated with Aeva Technologies, Inc. (AEVA) are OUST (0.69), MAKX (0.63) and MEME (0.63). 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 AEVA?
- Over the past year, the stocks most inversely correlated with Aeva Technologies, Inc. (AEVA) are IONZ (-0.51), HIBS (-0.51) and RGTZ (-0.50). 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 AEVA correlations calculated?
- We compute the correlation of daily returns between AEVA 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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