Fermi Inc. Common Stock (FRMI) — Stock Correlations & Overview
Over the past year, FRMI has moved most closely with WULF, BKCH, WGMI. Explore the stocks most correlated and inversely correlated with FRMI below, along with its price, financials, and company profile.
Stocks correlated with FRMI
Correlation of daily returns. Higher positive values move with FRMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with FRMI
| Symbol | Company | Correlation |
|---|---|---|
| WULF | TeraWulf Inc. Common StockFINANCE SERVICES | 0.50 |
| BKCH | Global X Blockchain ETF | 0.49 |
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.48 |
| TEKX | SSGA Active Trust State Street Galaxy Transformative Tech Accelerators ETF | 0.48 |
| NODE | VanEck Onchain Economy ETF | 0.48 |
Most inversely correlated with FRMI
| Symbol | Company | Correlation |
|---|---|---|
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.41 |
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.40 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.40 |
| SSG | ProShares UltraShort Semiconductors | -0.39 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.37 |
Frequently asked questions about FRMI correlations
- Which stocks are most correlated with FRMI?
- Based on one year of daily returns, the stocks most correlated with Fermi Inc. Common Stock (FRMI) are WULF (0.50), BKCH (0.49) and WGMI (0.48). 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 FRMI?
- Over the past year, the stocks most inversely correlated with Fermi Inc. Common Stock (FRMI) are CORD (-0.41), TTXD (-0.40) and BTAL (-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 FRMI correlations calculated?
- We compute the correlation of daily returns between FRMI 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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