Freight Technologies, Inc. Ordinary Shares (FRGT) — Stock Correlations & Overview
Over the past year, FRGT has moved most closely with ENVX, CCAP, DAVEW. Explore the stocks most correlated and inversely correlated with FRGT below, along with its price, financials, and company profile.
Stocks correlated with FRGT
Correlation of daily returns. Higher positive values move with FRGT; negative values move opposite it. Informational only, not investment advice.
Most correlated with FRGT
| Symbol | Company | Correlation |
|---|---|---|
| ENVX | Enovix Corporation Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.29 |
| CCAP | Crescent Capital BDC, Inc. Common stock | 0.29 |
| DAVEW | Dave Inc. WarrantsFINANCE SERVICES | 0.29 |
| MVIS | Microvision IncELECTRONIC COMPONENTS, NEC | 0.27 |
| NTCL | NETCLASS TECHNOLOGY INC Class A Ordinary Shares | 0.27 |
Most inversely correlated with FRGT
| Symbol | Company | Correlation |
|---|---|---|
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.26 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.22 |
| GELS | Gelteq Limited Ordinary Shares | -0.21 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.21 |
| BITI | ProShares Short Bitcoin ETF | -0.21 |
Frequently asked questions about FRGT correlations
- Which stocks are most correlated with FRGT?
- Based on one year of daily returns, the stocks most correlated with Freight Technologies, Inc. Ordinary Shares (FRGT) are ENVX (0.29), CCAP (0.29) and DAVEW (0.29). 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 FRGT?
- Over the past year, the stocks most inversely correlated with Freight Technologies, Inc. Ordinary Shares (FRGT) are SLTY (-0.26), SARK (-0.22) and GELS (-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 FRGT correlations calculated?
- We compute the correlation of daily returns between FRGT 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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