AeroVironment, Inc. (AVAV) — Stock Correlations & Overview
Over the past year, AVAV has moved most closely with KTOS, KTUP, ARKX. Explore the stocks most correlated and inversely correlated with AVAV below, along with its price, financials, and company profile.
Stocks correlated with AVAV
Correlation of daily returns. Higher positive values move with AVAV; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVAV
| Symbol | Company | Correlation |
|---|---|---|
| KTOS | Kratos Defense & Security Solutions, Inc.GUIDED MISSILES & SPACE VEHICLES & PARTS | 0.70 |
| KTUP | T-REX 2X Long KTOS Daily Target ETF | 0.70 |
| ARKX | ARK Space & Defense Innovation ETF | 0.67 |
| JEDI | Defiance Drone and Modern Warfare ETF | 0.67 |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 0.62 |
Most inversely correlated with AVAV
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.45 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.40 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.38 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.38 |
| TWM | ProShares UltraShort Russell2000 | -0.37 |
Frequently asked questions about AVAV correlations
- Which stocks are most correlated with AVAV?
- Based on one year of daily returns, the stocks most correlated with AeroVironment, Inc. (AVAV) are KTOS (0.70), KTUP (0.70) and ARKX (0.67). 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 AVAV?
- Over the past year, the stocks most inversely correlated with AeroVironment, Inc. (AVAV) are SARK (-0.45), RGTZ (-0.40) and IONZ (-0.38). 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 AVAV correlations calculated?
- We compute the correlation of daily returns between AVAV 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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