Which stocks are most correlated with CPNM?

Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) are PBQQ (0.86), NMAR (0.85) and MQQQ (0.85). 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 CPNM?

Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) are QID (-0.85), SQQQ (-0.85) and PSQ (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) — Stock Correlations & Overview

Over the past year, CPNM has moved most closely with PBQQ, NMAR, MQQQ. Explore the stocks most correlated and inversely correlated with CPNM below, along with its price, financials, and company profile.

Stocks correlated with CPNM

Correlation of daily returns. Higher positive values move with CPNM; negative values move opposite it. Informational only, not investment advice.

Most correlated with CPNM

Symbol	Company	Correlation
PBQQ	PGIM Laddered Nasdaq-100 Buffer 12 ETF	0.86
NMAR	Innovator Growth-100 Power Buffer ETF - March	0.85
MQQQ	Investment Managers Series Trust II Tradr 2X Long Innovation 100 Monthly ETF	0.85
ONEQ	Fidelity Nasdaq Composite Index ETF	0.85
TSPA	T. Rowe Price U.S. Equity Research ETF	0.85

Most inversely correlated with CPNM

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.85
SQQQ	ProShares UltraPro Short QQQ	-0.85
PSQ	ProShares Short QQQ	-0.85
SPXU	ProShares UltraPro Short S&P 500	-0.84
SDS	ProShares UltraShort S&P500	-0.84

Frequently asked questions about CPNM correlations

Which stocks are most correlated with CPNM?: Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) are PBQQ (0.86), NMAR (0.85) and MQQQ (0.85). 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 CPNM?: Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) are QID (-0.85), SQQQ (-0.85) and PSQ (-0.85). 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 CPNM correlations calculated?: We compute the correlation of daily returns between CPNM 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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