Cineverse Corp. Class A Common Stock (CNVS) — Stock Correlations & Overview
Over the past year, CNVS has moved most closely with MITK, RIME, FTGS. Explore the stocks most correlated and inversely correlated with CNVS below, along with its price, financials, and company profile.
Stocks correlated with CNVS
Correlation of daily returns. Higher positive values move with CNVS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CNVS
| Symbol | Company | Correlation |
|---|---|---|
| MITK | Mitek Systems, Inc.COMPUTER PERIPHERAL EQUIPMENT, NEC | 0.36 |
| RIME | Algorhythm Holdings, Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.32 |
| FTGS | First Trust Growth Strength ETF | 0.31 |
| PSTR | PeakShares Sector Rotation ETF | 0.31 |
| DUNK | Dana Unconstrained Equity ETF | 0.31 |
Most inversely correlated with CNVS
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.28 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.27 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.27 |
| OILK | ProShares K-1 Free Crude Oil ETF | -0.26 |
| ANPA | Rich Sparkle Holdings Limited Ordinary Shares | -0.26 |
Frequently asked questions about CNVS correlations
- Which stocks are most correlated with CNVS?
- Based on one year of daily returns, the stocks most correlated with Cineverse Corp. Class A Common Stock (CNVS) are MITK (0.36), RIME (0.32) and FTGS (0.31). 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 CNVS?
- Over the past year, the stocks most inversely correlated with Cineverse Corp. Class A Common Stock (CNVS) are SARK (-0.28), PLTD (-0.27) and PLTZ (-0.27). 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 CNVS correlations calculated?
- We compute the correlation of daily returns between CNVS 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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