Dragonfly Energy Holdings Corp. Warrant (DFLIW) — Stock Correlations & Overview

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

Stocks correlated with DFLIW

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

Most correlated with DFLIW

SymbolCompanyCorrelation
DFLIDragonfly Energy Holdings Corp. Common Stock (NV)MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES0.57
RFAIRRF Acquisition Corp II RightBLANK CHECKS0.35
VERIVeritone, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION0.27
IBLCiShares Blockchain and Tech ETF0.27
SAMTStrategas Macro Thematic Opportunities ETF0.27

Most inversely correlated with DFLIW

SymbolCompanyCorrelation
UFGUni-Fuels Holdings Limited Class A Ordinary Shares-0.26
MSGYMasonglory Limited Ordinary Shares-0.25
OMSEOMS Energy Technologies Inc. Ordinary Shares-0.25
ETHDProShares UltraShort Ether ETF-0.21
SETHProShares Short Ether ETF-0.21

Frequently asked questions about DFLIW correlations

Which stocks are most correlated with DFLIW?
Based on one year of daily returns, the stocks most correlated with Dragonfly Energy Holdings Corp. Warrant (DFLIW) are DFLI (0.57), RFAIR (0.35) and VERI (0.27). 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 DFLIW?
Over the past year, the stocks most inversely correlated with Dragonfly Energy Holdings Corp. Warrant (DFLIW) are UFG (-0.26), MSGY (-0.25) and OMSE (-0.25). 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 DFLIW correlations calculated?
We compute the correlation of daily returns between DFLIW 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.
Trading View Logo

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.