Which stocks are most correlated with AVX?

Based on one year of daily returns, the stocks most correlated with Avax One Technology Ltd. Common Shares (AVX) are CVLT (0.40), UNH (0.35) and UNHG (0.35). 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 AVX?

Over the past year, the stocks most inversely correlated with Avax One Technology Ltd. Common Shares (AVX) are SBIT (-0.29), SARK (-0.29) and BITI (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Avax One Technology Ltd. Common Shares (AVX) — Stock Correlations & Overview

Over the past year, AVX has moved most closely with CVLT, UNH, UNHG. Explore the stocks most correlated and inversely correlated with AVX below, along with its price, financials, and company profile.

Stocks correlated with AVX

Correlation of daily returns. Higher positive values move with AVX; negative values move opposite it. Informational only, not investment advice.

Most correlated with AVX

Symbol	Company	Correlation
CVLT	Commault Systems, Inc.SERVICES-PREPACKAGED SOFTWARE	0.40
UNH	UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS	0.35
UNHG	Leverage Shares 2X Long UNH Daily ETF	0.35
UNHW	Roundhill UNH WeeklyPay ETF	0.35
IHF	iShares U.S. Healthcare Providers ETF	0.34

Most inversely correlated with AVX

Symbol	Company	Correlation
SBIT	ProShares UltraShort Bitcoin ETF	-0.29
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.29
BITI	ProShares Short Bitcoin ETF	-0.29
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.29
CONI	GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF	-0.27

Frequently asked questions about AVX correlations

Which stocks are most correlated with AVX?: Based on one year of daily returns, the stocks most correlated with Avax One Technology Ltd. Common Shares (AVX) are CVLT (0.40), UNH (0.35) and UNHG (0.35). 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 AVX?: Over the past year, the stocks most inversely correlated with Avax One Technology Ltd. Common Shares (AVX) are SBIT (-0.29), SARK (-0.29) and BITI (-0.29). 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 AVX correlations calculated?: We compute the correlation of daily returns between AVX 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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