AquaBounty Technologies, Inc. (AQB) — Stock Correlations & Overview
Over the past year, AQB has moved most closely with ARTW, NVAX, TIC. Explore the stocks most correlated and inversely correlated with AQB below, along with its price, financials, and company profile.
Stocks correlated with AQB
Correlation of daily returns. Higher positive values move with AQB; negative values move opposite it. Informational only, not investment advice.
Most correlated with AQB
| Symbol | Company | Correlation |
|---|---|---|
| ARTW | Arts-Way Manufacturing Co IncFARM MACHINERY & EQUIPMENT | 0.32 |
| NVAX | Novavax IncBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.27 |
| TIC | TIC Solutions, IncSERVICES-BUSINESS SERVICES, NEC | 0.27 |
| BKKT | Bakkt, Inc.FINANCE SERVICES | 0.26 |
| TSHA | Taysha Gene Therapies, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.26 |
Most inversely correlated with AQB
| Symbol | Company | Correlation |
|---|---|---|
| CODIpC | Compass Diversified Holdings 7.875% Series C Cumulative Preferred SharesHOUSEHOLD FURNITURE | -0.24 |
| CODIpB | Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified HoldingsHOUSEHOLD FURNITURE | -0.23 |
| ILS | Brookmont Catastrophic Bond ETF | -0.21 |
| CODIpA | Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified HoldingsHOUSEHOLD FURNITURE | -0.20 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.19 |
Frequently asked questions about AQB correlations
- Which stocks are most correlated with AQB?
- Based on one year of daily returns, the stocks most correlated with AquaBounty Technologies, Inc. (AQB) are ARTW (0.32), NVAX (0.27) and TIC (0.27). 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 AQB?
- Over the past year, the stocks most inversely correlated with AquaBounty Technologies, Inc. (AQB) are CODIpC (-0.24), CODIpB (-0.23) and ILS (-0.21). 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 AQB correlations calculated?
- We compute the correlation of daily returns between AQB 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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