Which stocks are most correlated with DFLI?

Based on one year of daily returns, the stocks most correlated with Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) are DFLIW (0.57), WQTM (0.49) and MEME (0.47). 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 DFLI?

Over the past year, the stocks most inversely correlated with Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) are RGTZ (-0.49), QBTZ (-0.42) and RWM (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) — Stock Correlations & Overview

Over the past year, DFLI has moved most closely with DFLIW, WQTM, MEME. Explore the stocks most correlated and inversely correlated with DFLI below, along with its price, financials, and company profile.

Stocks correlated with DFLI

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

Most correlated with DFLI

Symbol	Company	Correlation
DFLIW	Dragonfly Energy Holdings Corp. WarrantMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.57
WQTM	WisdomTree Quantum Computing Fund	0.49
MEME	Roundhill Meme Stock ETF	0.47
RGTU	Tradr 2X Long RGTI Daily ETF	0.46
RGTI	Rigetti Computing, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES	0.46

Most inversely correlated with DFLI

Symbol	Company	Correlation
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.49
QBTZ	Defiance Daily Target 2x Short QBTS ETF	-0.42
RWM	ProShares Short Russell2000	-0.39
SRTY	ProShares UltraPro Short Russell2000	-0.39
TWM	ProShares UltraShort Russell2000	-0.39

Frequently asked questions about DFLI correlations

Which stocks are most correlated with DFLI?: Based on one year of daily returns, the stocks most correlated with Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) are DFLIW (0.57), WQTM (0.49) and MEME (0.47). 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 DFLI?: Over the past year, the stocks most inversely correlated with Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) are RGTZ (-0.49), QBTZ (-0.42) and RWM (-0.39). 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 DFLI correlations calculated?: We compute the correlation of daily returns between DFLI 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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