Sphere 3D Corp. Common Shares (ANY) — Stock Correlations & Overview
Over the past year, ANY has moved most closely with TGHL, FLNC, DECO. Explore the stocks most correlated and inversely correlated with ANY below, along with its price, financials, and company profile.
Stocks correlated with ANY
Correlation of daily returns. Higher positive values move with ANY; negative values move opposite it. Informational only, not investment advice.
Most correlated with ANY
| Symbol | Company | Correlation |
|---|---|---|
| TGHL | The GrowHub Limited Class A Ordinary Shares | 0.37 |
| FLNC | Fluence Energy, Inc. Class A Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.36 |
| DECO | SSGA Active Trust State Street Galaxy Digital Asset Ecosystem ETF | 0.35 |
| BTDR | Bitdeer Technologies Group Class A Ordinary Shares | 0.35 |
| HECO | SSGA Active Trust State Street Galaxy Hedged Digital Asset Ecosystem ETF | 0.34 |
Most inversely correlated with ANY
| Symbol | Company | Correlation |
|---|---|---|
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.28 |
| FDX | FedEx CorporationAIR COURIER SERVICES | -0.28 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.27 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.27 |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.27 |
Frequently asked questions about ANY correlations
- Which stocks are most correlated with ANY?
- Based on one year of daily returns, the stocks most correlated with Sphere 3D Corp. Common Shares (ANY) are TGHL (0.37), FLNC (0.36) and DECO (0.35). 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 ANY?
- Over the past year, the stocks most inversely correlated with Sphere 3D Corp. Common Shares (ANY) are TTXD (-0.28), FDX (-0.28) and EDZ (-0.27). 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 ANY correlations calculated?
- We compute the correlation of daily returns between ANY 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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