Tradr 2X Long ACHR Daily ETF (ARCX) — Stock Correlations & Overview
Over the past year, ARCX has moved most closely with ACHR, JOBY, JOBX. Explore the stocks most correlated and inversely correlated with ARCX below, along with its price, financials, and company profile.
Stocks correlated with ARCX
Correlation of daily returns. Higher positive values move with ARCX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARCX
| Symbol | Company | Correlation |
|---|---|---|
| ACHR | Archer Aviation Inc.AIRCRAFT | 0.99 |
| JOBY | Joby Aviation, Inc.AIRCRAFT | 0.77 |
| JOBX | Tradr 2X Long JOBY Daily ETF | 0.76 |
| EVEX | Eve Holding, Inc.AIRCRAFT | 0.73 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.72 |
Most inversely correlated with ARCX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.68 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.62 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.59 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.58 |
| TWM | ProShares UltraShort Russell2000 | -0.58 |
Frequently asked questions about ARCX correlations
- Which stocks are most correlated with ARCX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long ACHR Daily ETF (ARCX) are ACHR (0.99), JOBY (0.77) and JOBX (0.76). 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 ARCX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long ACHR Daily ETF (ARCX) are SARK (-0.68), RGTZ (-0.62) and QBTZ (-0.59). 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 ARCX correlations calculated?
- We compute the correlation of daily returns between ARCX 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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