Bakkt, Inc. (BKKT) — Stock Correlations & Overview
Over the past year, BKKT has moved most closely with SATO, FDIG, BLOK. Explore the stocks most correlated and inversely correlated with BKKT below, along with its price, financials, and company profile.
Stocks correlated with BKKT
Correlation of daily returns. Higher positive values move with BKKT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BKKT
| Symbol | Company | Correlation |
|---|---|---|
| SATO | Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE | 0.69 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 0.66 |
| BLOK | Amplify Blockchain Technology ETF | 0.64 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.64 |
| DAPP | VanEck Digital Transformation ETF | 0.64 |
Most inversely correlated with BKKT
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.58 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.57 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.56 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.56 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.55 |
Frequently asked questions about BKKT correlations
- Which stocks are most correlated with BKKT?
- Based on one year of daily returns, the stocks most correlated with Bakkt, Inc. (BKKT) are SATO (0.69), FDIG (0.66) and BLOK (0.64). 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 BKKT?
- Over the past year, the stocks most inversely correlated with Bakkt, Inc. (BKKT) are SARK (-0.58), RGTZ (-0.57) and QBTZ (-0.56). 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 BKKT correlations calculated?
- We compute the correlation of daily returns between BKKT 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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