Leverage Shares 2X Long BBAI Daily ETF (BAIG) — Stock Correlations & Overview
Over the past year, BAIG has moved most closely with BBAI, BBAI.WS, QPUX. Explore the stocks most correlated and inversely correlated with BAIG below, along with its price, financials, and company profile.
Stocks correlated with BAIG
Correlation of daily returns. Higher positive values move with BAIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAIG
| Symbol | Company | Correlation |
|---|---|---|
| BBAI | BigBear.ai Holdings, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.99 |
| BBAI.WS | BigBear.ai Holdings, Inc. Redeemable warrants, each full warrant exercisable for one share of common stock at an exercise price of $11.50 per shareSERVICES-PREPACKAGED SOFTWARE | 0.73 |
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | 0.71 |
| BUZZ | VanEck Social Sentiment ETF | 0.71 |
| RGTIW | Rigetti Computing, Inc. WarrantsSERVICES-COMPUTER PROGRAMMING SERVICES | 0.70 |
Most inversely correlated with BAIG
| Symbol | Company | Correlation |
|---|---|---|
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.67 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.66 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.65 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.64 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.55 |
Frequently asked questions about BAIG correlations
- Which stocks are most correlated with BAIG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long BBAI Daily ETF (BAIG) are BBAI (0.99), BBAI.WS (0.73) and QPUX (0.71). 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 BAIG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long BBAI Daily ETF (BAIG) are IONZ (-0.67), RGTZ (-0.66) and SARK (-0.65). 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 BAIG correlations calculated?
- We compute the correlation of daily returns between BAIG 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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