Which stocks are most correlated with EVLV?

Based on one year of daily returns, the stocks most correlated with Evolv Technologies Holdings, Inc. Class A Common Stock (EVLV) are XSW (0.50), DTEC (0.50) and TMFX (0.49). 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 EVLV?

Over the past year, the stocks most inversely correlated with Evolv Technologies Holdings, Inc. Class A Common Stock (EVLV) are WEBS (-0.42), HDGE (-0.41) and SARK (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Evolv Technologies Holdings, Inc. Class A Common Stock (EVLV) — Stock Correlations & Overview

Over the past year, EVLV has moved most closely with XSW, DTEC, TMFX. Explore the stocks most correlated and inversely correlated with EVLV below, along with its price, financials, and company profile.

Stocks correlated with EVLV

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

Most correlated with EVLV

Symbol	Company	Correlation
XSW	State Street SPDR S&P Software & Services ETF	0.50
DTEC	ALPS Disruptive Technologies ETF	0.50
TMFX	Motley Fool Next Index ETF	0.49
XITK	State Street SPDR FactSet Innovative Technology ETF	0.48
TOGA	Tremblant Global ETF	0.47

Most inversely correlated with EVLV

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.42
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.41
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.40
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.39
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.37

Frequently asked questions about EVLV correlations

Which stocks are most correlated with EVLV?: Based on one year of daily returns, the stocks most correlated with Evolv Technologies Holdings, Inc. Class A Common Stock (EVLV) are XSW (0.50), DTEC (0.50) and TMFX (0.49). 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 EVLV?: Over the past year, the stocks most inversely correlated with Evolv Technologies Holdings, Inc. Class A Common Stock (EVLV) are WEBS (-0.42), HDGE (-0.41) and SARK (-0.40). 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 EVLV correlations calculated?: We compute the correlation of daily returns between EVLV 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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