ArrowMark Financial Corp. Common Stock (BANX) — Stock Correlations & Overview
Over the past year, BANX has moved most closely with BUYW, TOCT, XNOV. Explore the stocks most correlated and inversely correlated with BANX below, along with its price, financials, and company profile.
Stocks correlated with BANX
Correlation of daily returns. Higher positive values move with BANX; negative values move opposite it. Informational only, not investment advice.
Most correlated with BANX
| Symbol | Company | Correlation |
|---|---|---|
| BUYW | Main BuyWrite ETF | 0.31 |
| TOCT | Innovator Equity Defined Protection ETF - 2 Yr to October 2027 | 0.29 |
| XNOV | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | 0.29 |
| LGI | Lazard Global Total Return & Income Fund | 0.28 |
| BUFX | FT Vest Laddered Enhance & Moderate Buffer ETF | 0.28 |
Most inversely correlated with BANX
| Symbol | Company | Correlation |
|---|---|---|
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.28 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.26 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.23 |
Frequently asked questions about BANX correlations
- Which stocks are most correlated with BANX?
- Based on one year of daily returns, the stocks most correlated with ArrowMark Financial Corp. Common Stock (BANX) are BUYW (0.31), TOCT (0.29) and XNOV (0.29). 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 BANX?
- Over the past year, the stocks most inversely correlated with ArrowMark Financial Corp. Common Stock (BANX) are VIXM (-0.28), VXZ (-0.26) and UVXY (-0.23). 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 BANX correlations calculated?
- We compute the correlation of daily returns between BANX 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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