Argo Blockchain plc American Depositary Shares (ARBK) — Stock Correlations & Overview
Over the past year, ARBK has moved most closely with AESR, CBOJ, CCHH. Explore the stocks most correlated and inversely correlated with ARBK below, along with its price, financials, and company profile.
Stocks correlated with ARBK
Correlation of daily returns. Higher positive values move with ARBK; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARBK
| Symbol | Company | Correlation |
|---|---|---|
| AESR | Anfield U.S. Equity Sector Rotation ETF | 0.67 |
| CBOJ | Calamos Bitcoin Structured Alt Protection ETF - January | 0.65 |
| CCHH | CCH Holdings Ltd Class A Ordinary Shares | 0.53 |
| CBOY | Calamos Bitcoin Structured Alt Protection ETF - July | 0.52 |
| TY | TRI-Continental Corporation | 0.50 |
Most inversely correlated with ARBK
| Symbol | Company | Correlation |
|---|---|---|
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | -0.32 |
| SETH | ProShares Short Ether ETF | -0.30 |
| ETHD | ProShares UltraShort Ether ETF | -0.30 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.29 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.29 |
Frequently asked questions about ARBK correlations
- Which stocks are most correlated with ARBK?
- Based on one year of daily returns, the stocks most correlated with Argo Blockchain plc American Depositary Shares (ARBK) are AESR (0.67), CBOJ (0.65) and CCHH (0.53). 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 ARBK?
- Over the past year, the stocks most inversely correlated with Argo Blockchain plc American Depositary Shares (ARBK) are CGC (-0.32), SETH (-0.30) and ETHD (-0.30). 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 ARBK correlations calculated?
- We compute the correlation of daily returns between ARBK 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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