Defiance Daily Target 2X Short BMNR ETF (BMNZ) — Stock Correlations & Overview
Over the past year, BMNZ has moved most closely with ETHD, SETH, BTCZ. Explore the stocks most correlated and inversely correlated with BMNZ below, along with its price, financials, and company profile.
Stocks correlated with BMNZ
Correlation of daily returns. Higher positive values move with BMNZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BMNZ
| Symbol | Company | Correlation |
|---|---|---|
| ETHD | ProShares UltraShort Ether ETF | 0.86 |
| SETH | ProShares Short Ether ETF | 0.85 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.83 |
| SBIT | ProShares UltraShort Bitcoin ETF | 0.82 |
| BITI | ProShares Short Bitcoin ETF | 0.81 |
Most inversely correlated with BMNZ
| Symbol | Company | Correlation |
|---|---|---|
| BMNR | BitMine Immersion Technologies, Inc.FINANCE SERVICES | -0.99 |
| BMNG | Leverage Shares 2X Long BMNR Daily ETF | -0.98 |
| BMNU | T-REX 2X Long BMNR Daily Target ETF | -0.98 |
| SBET | Sharplink, Inc. Common StockFINANCE SERVICES | -0.89 |
| SBTU | T-REX 2X Long SBET Daily Target ETF | -0.88 |
Frequently asked questions about BMNZ correlations
- Which stocks are most correlated with BMNZ?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2X Short BMNR ETF (BMNZ) are ETHD (0.86), SETH (0.85) and BTCZ (0.83). 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 BMNZ?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2X Short BMNR ETF (BMNZ) are BMNR (-0.99), BMNG (-0.98) and BMNU (-0.98). 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 BMNZ correlations calculated?
- We compute the correlation of daily returns between BMNZ 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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