Flux Power Holdings, Inc. Common Stock (FLUX) — Stock Correlations & Overview
Over the past year, FLUX has moved most closely with FORH, RIOT, RIOX. Explore the stocks most correlated and inversely correlated with FLUX below, along with its price, financials, and company profile.
Stocks correlated with FLUX
Correlation of daily returns. Higher positive values move with FLUX; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLUX
| Symbol | Company | Correlation |
|---|---|---|
| FORH | Formidable ETF | 0.61 |
| RIOT | Riot Platforms, Inc. Common StockFINANCE SERVICES | 0.39 |
| RIOX | Defiance Daily Target 2X Long RIOT ETF | 0.38 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.36 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.35 |
Most inversely correlated with FLUX
| Symbol | Company | Correlation |
|---|---|---|
| OHI | Omega Healthcare Investors Inc.REAL ESTATE INVESTMENT TRUSTS | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.24 |
| SH | ProShares Short S&P500 | -0.24 |
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.24 |
Frequently asked questions about FLUX correlations
- Which stocks are most correlated with FLUX?
- Based on one year of daily returns, the stocks most correlated with Flux Power Holdings, Inc. Common Stock (FLUX) are FORH (0.61), RIOT (0.39) and RIOX (0.38). 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 FLUX?
- Over the past year, the stocks most inversely correlated with Flux Power Holdings, Inc. Common Stock (FLUX) are OHI (-0.27), SARK (-0.27) and TSXD (-0.24). 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 FLUX correlations calculated?
- We compute the correlation of daily returns between FLUX 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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