Leverage Shares 2X Long COST Daily ETF (COTG) — Stock Correlations & Overview
Over the past year, COTG has moved most closely with COST, GXPS, FSTA. Explore the stocks most correlated and inversely correlated with COTG below, along with its price, financials, and company profile.
Stocks correlated with COTG
Correlation of daily returns. Higher positive values move with COTG; negative values move opposite it. Informational only, not investment advice.
Frequently asked questions about COTG correlations
- Which stocks are most correlated with COTG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long COST Daily ETF (COTG) are COST (0.98), GXPS (0.68) and FSTA (0.64). 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 COTG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long COST Daily ETF (COTG) are SZK (-0.59), EMTY (-0.36) and TRFK (-0.31). 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 COTG correlations calculated?
- We compute the correlation of daily returns between COTG 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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