Defi Technologies, Inc. (DEFT) — Stock Correlations & Overview
Over the past year, DEFT has moved most closely with OWNB, BCOR, MAXI. Explore the stocks most correlated and inversely correlated with DEFT below, along with its price, financials, and company profile.
Stocks correlated with DEFT
Correlation of daily returns. Higher positive values move with DEFT; negative values move opposite it. Informational only, not investment advice.
Most correlated with DEFT
| Symbol | Company | Correlation |
|---|---|---|
| OWNB | Bitwise Bitcoin Standard Corporations ETF | 0.60 |
| BCOR | Grayscale Bitcoin Adopters ETFFINANCE SERVICES | 0.59 |
| MAXI | Simplify Exchange Traded Funds Simplify Bitcoin Strategy ETF | 0.58 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE | 0.57 |
| BBB | CYBER HORNET Trust CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF75/25 Strategy ETF | 0.57 |
Most inversely correlated with DEFT
| Symbol | Company | Correlation |
|---|---|---|
| BITI | ProShares Short Bitcoin ETF | -0.58 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.57 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.56 |
| SETH | ProShares Short Ether ETF | -0.54 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.54 |
Frequently asked questions about DEFT correlations
- Which stocks are most correlated with DEFT?
- Based on one year of daily returns, the stocks most correlated with Defi Technologies, Inc. (DEFT) are OWNB (0.60), BCOR (0.59) and MAXI (0.58). 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 DEFT?
- Over the past year, the stocks most inversely correlated with Defi Technologies, Inc. (DEFT) are BITI (-0.58), SBIT (-0.57) and BTCZ (-0.56). 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 DEFT correlations calculated?
- We compute the correlation of daily returns between DEFT 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.