CEMTREX INC. (CETX) — Stock Correlations & Overview
Over the past year, CETX has moved most closely with TWG, GPCR, ORKT. Explore the stocks most correlated and inversely correlated with CETX below, along with its price, financials, and company profile.
Stocks correlated with CETX
Correlation of daily returns. Higher positive values move with CETX; negative values move opposite it. Informational only, not investment advice.
Most correlated with CETX
| Symbol | Company | Correlation |
|---|---|---|
| TWG | Top Wealth Group Holding Limited Class A Ordinary Shares | 0.51 |
| GPCR | Structure Therapeutics Inc. American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.47 |
| ORKT | Orangekloud Technology Inc. Class A Ordinary Shares | 0.45 |
| WVE | Wave Life Sciences Ltd. Ordinary SharesPHARMACEUTICAL PREPARATIONS | 0.42 |
| WBUY | WEBUY GLOBAL LTD. Class A Ordinary Shares | 0.35 |
Most inversely correlated with CETX
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.28 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.24 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.24 |
| TWM | ProShares UltraShort Russell2000 | -0.24 |
Frequently asked questions about CETX correlations
- Which stocks are most correlated with CETX?
- Based on one year of daily returns, the stocks most correlated with CEMTREX INC. (CETX) are TWG (0.51), GPCR (0.47) and ORKT (0.45). 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 CETX?
- Over the past year, the stocks most inversely correlated with CEMTREX INC. (CETX) are QBTZ (-0.28), RGTZ (-0.27) and SARK (-0.24). 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 CETX correlations calculated?
- We compute the correlation of daily returns between CETX 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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