CTW Class A Ordinary Shares (CTW) — Stock Correlations & Overview
Over the past year, CTW has moved most closely with INTM, BTCC, GLNK. Explore the stocks most correlated and inversely correlated with CTW below, along with its price, financials, and company profile.
Stocks correlated with CTW
Correlation of daily returns. Higher positive values move with CTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with CTW
| Symbol | Company | Correlation |
|---|---|---|
| INTM | Invesco Intermediate Municipal ETF | 0.24 |
| BTCC | Grayscale Bitcoin Covered Call ETF | 0.24 |
| GLNK | Grayscale Chainlink Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.24 |
| GRN | iPath Series B Carbon Exchange-Traded Notes | 0.24 |
| PUBM | PubMatic, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.23 |
Most inversely correlated with CTW
| Symbol | Company | Correlation |
|---|---|---|
| DBGI | Digital Brands Group, Inc. Common StockRETAIL-APPAREL & ACCESSORY STORES | -0.22 |
| LNKS | Linkers Industries Limited Class A Ordinary Shares | -0.18 |
| MOLN | Molecular Partners AG American Depositary Shares | -0.18 |
| CCEL | Cryo-Cell International Inc.SERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.18 |
| FCHL | Fitness Champs Holdings Limited Common Stock | -0.18 |
Frequently asked questions about CTW correlations
- Which stocks are most correlated with CTW?
- Based on one year of daily returns, the stocks most correlated with CTW Class A Ordinary Shares (CTW) are INTM (0.24), BTCC (0.24) and GLNK (0.24). 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 CTW?
- Over the past year, the stocks most inversely correlated with CTW Class A Ordinary Shares (CTW) are DBGI (-0.22), LNKS (-0.18) and MOLN (-0.18). 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 CTW correlations calculated?
- We compute the correlation of daily returns between CTW 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.