Which stocks are most correlated with DAAQ?

Based on one year of daily returns, the stocks most correlated with Digital Asset Acquisition Corp. Class A Ordinary shares (DAAQ) are IMXI (0.54), PSN (0.51) and LII (0.39). 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 DAAQ?

Over the past year, the stocks most inversely correlated with Digital Asset Acquisition Corp. Class A Ordinary shares (DAAQ) are HURN (-0.46), LAD (-0.39) and NCRA (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Digital Asset Acquisition Corp. Class A Ordinary shares (DAAQ) — Stock Correlations & Overview

Over the past year, DAAQ has moved most closely with IMXI, PSN, LII. Explore the stocks most correlated and inversely correlated with DAAQ below, along with its price, financials, and company profile.

Stocks correlated with DAAQ

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

Most correlated with DAAQ

Symbol	Company	Correlation
IMXI	International Money Express, Inc.SERVICES-BUSINESS SERVICES, NEC	0.54
PSN	Parsons CorporationSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	0.51
LII	Lennox International Inc.AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP	0.39
NIPG	NIP Group Inc. American Depositary Shares	0.37
ORN	Orion Group Holdings, IncHEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS	0.36

Most inversely correlated with DAAQ

Symbol	Company	Correlation
HURN	Huron Consulting Group Inc.SERVICES-MANAGEMENT CONSULTING SERVICES	-0.46
LAD	Lithia Motors, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS	-0.39
NCRA	Nocera, Inc. Common Stock	-0.38
MANH	Manhattan Associates IncSERVICES-PREPACKAGED SOFTWARE	-0.37
KLC	KinderCare Learning Companies, Inc.SERVICES-CHILD DAY CARE SERVICES	-0.36

Frequently asked questions about DAAQ correlations

Which stocks are most correlated with DAAQ?: Based on one year of daily returns, the stocks most correlated with Digital Asset Acquisition Corp. Class A Ordinary shares (DAAQ) are IMXI (0.54), PSN (0.51) and LII (0.39). 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 DAAQ?: Over the past year, the stocks most inversely correlated with Digital Asset Acquisition Corp. Class A Ordinary shares (DAAQ) are HURN (-0.46), LAD (-0.39) and NCRA (-0.38). 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 DAAQ correlations calculated?: We compute the correlation of daily returns between DAAQ 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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