EQV Ventures Acquisition Corp. II (EVAC) — Stock Correlations & Overview
Over the past year, EVAC has moved most closely with NPAC, RBBN, WYY. Explore the stocks most correlated and inversely correlated with EVAC below, along with its price, financials, and company profile.
Stocks correlated with EVAC
Correlation of daily returns. Higher positive values move with EVAC; negative values move opposite it. Informational only, not investment advice.
Most correlated with EVAC
| Symbol | Company | Correlation |
|---|---|---|
| NPAC | New Providence Acquisition Corp. III Class A Ordinary SharesBLANK CHECKS | 0.26 |
| RBBN | Ribbon Communications Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.22 |
| WYY | WidePoint CorporationSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.21 |
| DLHC | DLH Holdings Corp.SERVICES-HELP SUPPLY SERVICES | 0.20 |
| MGF | Aberdeen Government Markets Income Fund | 0.20 |
Most inversely correlated with EVAC
| Symbol | Company | Correlation |
|---|---|---|
| MCGAW | Yorkville Acquisition Corp. WarrantFINANCE SERVICES | -0.24 |
| ALTGpA | Alta Equipment Group Inc. Depositary Shares (each representing 1/1000th in a share of 10% Series A Cumulative Perpetual Preferred Stock)WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT | -0.21 |
| MATW | Matthews International CorpNONFERROUS FOUNDRIES (CASTINGS) | -0.21 |
| AMR | Alpha Metallurgical Resources, Inc.BITUMINOUS COAL & LIGNITE SURFACE MINING | -0.20 |
| DRS | Leonardo DRS, Inc. Common StockSEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS | -0.20 |
Frequently asked questions about EVAC correlations
- Which stocks are most correlated with EVAC?
- Based on one year of daily returns, the stocks most correlated with EQV Ventures Acquisition Corp. II (EVAC) are NPAC (0.26), RBBN (0.22) and WYY (0.21). 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 EVAC?
- Over the past year, the stocks most inversely correlated with EQV Ventures Acquisition Corp. II (EVAC) are MCGAW (-0.24), ALTGpA (-0.21) and MATW (-0.21). 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 EVAC correlations calculated?
- We compute the correlation of daily returns between EVAC 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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