Which stocks are most correlated with BLX?

Based on one year of daily returns, the stocks most correlated with Bladex, Inc. (BLX) are CBNK (0.51), ROSC (0.51) and SMDV (0.51). 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 BLX?

Over the past year, the stocks most inversely correlated with Bladex, Inc. (BLX) are SKRE (-0.48), SDD (-0.46) and SBB (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Bladex, Inc. (BLX) — Stock Correlations & Overview

Over the past year, BLX has moved most closely with CBNK, ROSC, SMDV. Explore the stocks most correlated and inversely correlated with BLX below, along with its price, financials, and company profile.

Stocks correlated with BLX

Correlation of daily returns. Higher positive values move with BLX; negative values move opposite it. Informational only, not investment advice.

Most correlated with BLX

Symbol	Company	Correlation
CBNK	Capital Bancorp, Inc.NATIONAL COMMERCIAL BANKS	0.51
ROSC	Hartford Multifactor Small Cap ETF	0.51
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.51
BSVO	EA Bridgeway Omni Small-Cap Value ETF	0.50
PSCF	Invesco S&P SmallCap Financials ETFINVESTMENT ADVICE	0.50

Most inversely correlated with BLX

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.48
SDD	ProShares UltraShort SmallCap600	-0.46
SBB	ProShares Short SmallCap600	-0.45
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.41
TWM	ProShares UltraShort Russell2000	-0.40

Frequently asked questions about BLX correlations

Which stocks are most correlated with BLX?: Based on one year of daily returns, the stocks most correlated with Bladex, Inc. (BLX) are CBNK (0.51), ROSC (0.51) and SMDV (0.51). 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 BLX?: Over the past year, the stocks most inversely correlated with Bladex, Inc. (BLX) are SKRE (-0.48), SDD (-0.46) and SBB (-0.45). 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 BLX correlations calculated?: We compute the correlation of daily returns between BLX 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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