Tradr 2X Long APP Daily ETF (APPX) — Stock Correlations & Overview
Over the past year, APPX has moved most closely with APP, BUYZ, TSEL. Explore the stocks most correlated and inversely correlated with APPX below, along with its price, financials, and company profile.
Stocks correlated with APPX
Correlation of daily returns. Higher positive values move with APPX; negative values move opposite it. Informational only, not investment advice.
Most correlated with APPX
| Symbol | Company | Correlation |
|---|---|---|
| APP | Applovin Corporation Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 1.00 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.59 |
| TSEL | Touchstone Sands Capital US Select Growth ETF | 0.55 |
| XDAT | Franklin Exponential Data ETF | 0.55 |
| XOVR | EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF | 0.55 |
Most inversely correlated with APPX
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.46 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.42 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.42 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.41 |
Frequently asked questions about APPX correlations
- Which stocks are most correlated with APPX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long APP Daily ETF (APPX) are APP (1.00), BUYZ (0.59) and TSEL (0.55). 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 APPX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long APP Daily ETF (APPX) are WEBS (-0.50), BERZ (-0.46) and FNGD (-0.42). 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 APPX correlations calculated?
- We compute the correlation of daily returns between APPX 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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