Tradr 2X Long APLD Daily ETF (APLX) — Stock Correlations & Overview
Over the past year, APLX has moved most closely with APLD, MNRS, WGMI. Explore the stocks most correlated and inversely correlated with APLX below, along with its price, financials, and company profile.
Stocks correlated with APLX
Correlation of daily returns. Higher positive values move with APLX; negative values move opposite it. Informational only, not investment advice.
Most correlated with APLX
| Symbol | Company | Correlation |
|---|---|---|
| APLD | Applied Digital Corporation Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 1.00 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.82 |
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.80 |
| BKCH | Global X Blockchain ETF | 0.80 |
| NODE | VanEck Onchain Economy ETF | 0.78 |
Most inversely correlated with APLX
| Symbol | Company | Correlation |
|---|---|---|
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.64 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.60 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.58 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.56 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.56 |
Frequently asked questions about APLX correlations
- Which stocks are most correlated with APLX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long APLD Daily ETF (APLX) are APLD (1.00), MNRS (0.82) and WGMI (0.80). 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 APLX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long APLD Daily ETF (APLX) are CORD (-0.64), BTAL (-0.60) and TSXD (-0.58). 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 APLX correlations calculated?
- We compute the correlation of daily returns between APLX 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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