AXIL Brands, Inc. (AXIL) — Stock Correlations & Overview
Over the past year, AXIL has moved most closely with WLDS, PETS, JBDI. Explore the stocks most correlated and inversely correlated with AXIL below, along with its price, financials, and company profile.
Stocks correlated with AXIL
Correlation of daily returns. Higher positive values move with AXIL; negative values move opposite it. Informational only, not investment advice.
Most correlated with AXIL
| Symbol | Company | Correlation |
|---|---|---|
| WLDS | Wearable Devices Ltd. Ordinary Share | 0.28 |
| PETS | PetMed Express, Inc.RETAIL-DRUG STORES AND PROPRIETARY STORES | 0.24 |
| JBDI | JBDI Holdings Limited Ordinary Shares | 0.24 |
| CSAI | Cloudastructure, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.23 |
| BJ | BJs Wholesale Club Holdings, Inc. Common StockRETAIL-VARIETY STORES | 0.23 |
Most inversely correlated with AXIL
| Symbol | Company | Correlation |
|---|---|---|
| RZLT | Rezolute, Inc. Common Stock (NV)PHARMACEUTICAL PREPARATIONS | -0.43 |
| OCG | Oriental Culture Holding LTD Ordinary Shares | -0.36 |
| ABI | VictoryShares Pioneer Asset-Based Income ETF | -0.33 |
| GRI | GRI Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.30 |
| CISS | C3is Inc. Common Stock | -0.30 |
Frequently asked questions about AXIL correlations
- Which stocks are most correlated with AXIL?
- Based on one year of daily returns, the stocks most correlated with AXIL Brands, Inc. (AXIL) are WLDS (0.28), PETS (0.24) and JBDI (0.24). 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 AXIL?
- Over the past year, the stocks most inversely correlated with AXIL Brands, Inc. (AXIL) are RZLT (-0.43), OCG (-0.36) and ABI (-0.33). 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 AXIL correlations calculated?
- We compute the correlation of daily returns between AXIL 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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