Brookstone Ultra-Short Bond ETF (BAMU) — Stock Correlations & Overview
Over the past year, BAMU has moved most closely with BAMY, BAMB, BTAI. Explore the stocks most correlated and inversely correlated with BAMU below, along with its price, financials, and company profile.
Stocks correlated with BAMU
Correlation of daily returns. Higher positive values move with BAMU; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAMU
| Symbol | Company | Correlation |
|---|---|---|
| BAMY | Brookstone Yield ETF | 0.48 |
| BAMB | Brookstone Intermediate Bond ETF | 0.39 |
| BTAI | BioXcel Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.35 |
| PLAB | Photronics IncSEMICONDUCTORS & RELATED DEVICES | 0.31 |
| ARCM | Arrow Reserve Capital Management ETF | 0.31 |
Most inversely correlated with BAMU
| Symbol | Company | Correlation |
|---|---|---|
| DAIO | Data I/O CorpINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS | -0.30 |
| FNGR | FingerMotion, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.30 |
| VRCA | Verrica Pharmaceuticals Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.26 |
| SPRC | SciSparc Ltd. Ordinary Shares | -0.25 |
| SNOY | YieldMax SNOW Option Income Strategy ETF | -0.24 |
Frequently asked questions about BAMU correlations
- Which stocks are most correlated with BAMU?
- Based on one year of daily returns, the stocks most correlated with Brookstone Ultra-Short Bond ETF (BAMU) are BAMY (0.48), BAMB (0.39) and BTAI (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 BAMU?
- Over the past year, the stocks most inversely correlated with Brookstone Ultra-Short Bond ETF (BAMU) are DAIO (-0.30), FNGR (-0.30) and VRCA (-0.26). 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 BAMU correlations calculated?
- We compute the correlation of daily returns between BAMU 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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