Aeluma, Inc. Common Stock (ALMU) — Stock Correlations & Overview
Over the past year, ALMU has moved most closely with VERS, MEME, PBW. Explore the stocks most correlated and inversely correlated with ALMU below, along with its price, financials, and company profile.
Stocks correlated with ALMU
Correlation of daily returns. Higher positive values move with ALMU; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALMU
| Symbol | Company | Correlation |
|---|---|---|
| VERS | ProShares Metaverse ETF | 0.56 |
| MEME | Roundhill Meme Stock ETF | 0.53 |
| PBW | Invesco WilderHill Clean Energy ETF | 0.52 |
| HYP | Golden Eagle Dynamic Hypergrowth ETF | 0.50 |
| WQTM | WisdomTree Quantum Computing Fund | 0.50 |
Most inversely correlated with ALMU
| Symbol | Company | Correlation |
|---|---|---|
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.41 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.41 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.41 |
| RWM | ProShares Short Russell2000 | -0.40 |
| TWM | ProShares UltraShort Russell2000 | -0.40 |
Frequently asked questions about ALMU correlations
- Which stocks are most correlated with ALMU?
- Based on one year of daily returns, the stocks most correlated with Aeluma, Inc. Common Stock (ALMU) are VERS (0.56), MEME (0.53) and PBW (0.52). 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 ALMU?
- Over the past year, the stocks most inversely correlated with Aeluma, Inc. Common Stock (ALMU) are TSXD (-0.41), RGTZ (-0.41) and SARK (-0.41). 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 ALMU correlations calculated?
- We compute the correlation of daily returns between ALMU 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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