Cadiz, Inc. Depositary Shares (CDZIP) — Stock Correlations & Overview
Over the past year, CDZIP has moved most closely with GELS, BCIL, GLXG. Explore the stocks most correlated and inversely correlated with CDZIP below, along with its price, financials, and company profile.
Stocks correlated with CDZIP
Correlation of daily returns. Higher positive values move with CDZIP; negative values move opposite it. Informational only, not investment advice.
Most correlated with CDZIP
| Symbol | Company | Correlation |
|---|---|---|
| GELS | Gelteq Limited Ordinary Shares | 0.30 |
| BCIL | Bancreek International Large Cap ETF | 0.29 |
| GLXG | Galaxy Payroll Group Limited Class A Ordinary Shares | 0.28 |
| GRIN | VictoryShares International Free Cash Flow Growth ETF | 0.27 |
| STG | Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share | 0.27 |
Most inversely correlated with CDZIP
| Symbol | Company | Correlation |
|---|---|---|
| NTCL | NETCLASS TECHNOLOGY INC Class A Ordinary Shares | -0.28 |
| MUD | Direxion Shares ETF Trust Direxion Daily MU Bear 1X ETF | -0.24 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.23 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.23 |
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | -0.23 |
Frequently asked questions about CDZIP correlations
- Which stocks are most correlated with CDZIP?
- Based on one year of daily returns, the stocks most correlated with Cadiz, Inc. Depositary Shares (CDZIP) are GELS (0.30), BCIL (0.29) and GLXG (0.28). 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 CDZIP?
- Over the past year, the stocks most inversely correlated with Cadiz, Inc. Depositary Shares (CDZIP) are NTCL (-0.28), MUD (-0.24) and HIBS (-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 CDZIP correlations calculated?
- We compute the correlation of daily returns between CDZIP 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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