Which stocks are most correlated with DGNX?

Based on one year of daily returns, the stocks most correlated with Diginex Limited Ordinary Shares (DGNX) are BITS (0.35), RIOX (0.34) and CYN (0.33). 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 DGNX?

Over the past year, the stocks most inversely correlated with Diginex Limited Ordinary Shares (DGNX) are BTCZ (-0.27), SBIT (-0.27) and SARK (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Diginex Limited Ordinary Shares (DGNX) — Stock Correlations & Overview

Over the past year, DGNX has moved most closely with BITS, RIOX, CYN. Explore the stocks most correlated and inversely correlated with DGNX below, along with its price, financials, and company profile.

Stocks correlated with DGNX

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

Most correlated with DGNX

Symbol	Company	Correlation
BITS	Global X Blockchain & Bitcoin Strategy ETF	0.35
RIOX	Defiance Daily Target 2X Long RIOT ETF	0.34
CYN	Cyngn Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES	0.33
STCE	Schwab Crypto Thematic Natural Language Processing ETF	0.31
TSSI	TSS, Inc. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES	0.31

Most inversely correlated with DGNX

Symbol	Company	Correlation
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	-0.27
SBIT	ProShares UltraShort Bitcoin ETF	-0.27
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.27
FNGD	MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC	-0.25
ETHD	ProShares UltraShort Ether ETF	-0.25

Frequently asked questions about DGNX correlations

Which stocks are most correlated with DGNX?: Based on one year of daily returns, the stocks most correlated with Diginex Limited Ordinary Shares (DGNX) are BITS (0.35), RIOX (0.34) and CYN (0.33). 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 DGNX?: Over the past year, the stocks most inversely correlated with Diginex Limited Ordinary Shares (DGNX) are BTCZ (-0.27), SBIT (-0.27) and SARK (-0.27). 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 DGNX correlations calculated?: We compute the correlation of daily returns between DGNX 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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