Anterix Inc. Common Stock (ATEX) — Stock Correlations & Overview
Over the past year, ATEX has moved most closely with FITE, XTL, UFO. Explore the stocks most correlated and inversely correlated with ATEX below, along with its price, financials, and company profile.
Stocks correlated with ATEX
Correlation of daily returns. Higher positive values move with ATEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ATEX
| Symbol | Company | Correlation |
|---|---|---|
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.47 |
| XTL | State Street SPDR S&P Telecom ETF | 0.46 |
| UFO | Procure Space ETF | 0.46 |
| ITEQ | Amplify BlueStar Israel Technology ETF | 0.43 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.42 |
Most inversely correlated with ATEX
| Symbol | Company | Correlation |
|---|---|---|
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.36 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.36 |
| REW | Proshares UltraShort Technology | -0.35 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.34 |
Frequently asked questions about ATEX correlations
- Which stocks are most correlated with ATEX?
- Based on one year of daily returns, the stocks most correlated with Anterix Inc. Common Stock (ATEX) are FITE (0.47), XTL (0.46) and UFO (0.46). 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 ATEX?
- Over the past year, the stocks most inversely correlated with Anterix Inc. Common Stock (ATEX) are HIBS (-0.36), TECS (-0.36) and REW (-0.35). 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 ATEX correlations calculated?
- We compute the correlation of daily returns between ATEX 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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