Global Interactive Technologies, Inc. Common Stock (GITS) — Stock Correlations & Overview
Over the past year, GITS has moved most closely with ALT, NVAX, NAMM. Explore the stocks most correlated and inversely correlated with GITS below, along with its price, financials, and company profile.
Stocks correlated with GITS
Correlation of daily returns. Higher positive values move with GITS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GITS
| Symbol | Company | Correlation |
|---|---|---|
| ALT | Altimmune, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.31 |
| NVAX | Novavax IncBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.30 |
| NAMM | Namib Minerals Ordinary Shares | 0.30 |
| LSTA | Lisata Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| XHLD | TEN Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | 0.28 |
Most inversely correlated with GITS
| Symbol | Company | Correlation |
|---|---|---|
| UNHG | Leverage Shares 2X Long UNH Daily ETF | -0.31 |
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | -0.29 |
| CVS | CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES | -0.27 |
| ELV | Elevance Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | -0.23 |
| HUM | Humana Inc.HOSPITAL & MEDICAL SERVICE PLANS | -0.23 |
Frequently asked questions about GITS correlations
- Which stocks are most correlated with GITS?
- Based on one year of daily returns, the stocks most correlated with Global Interactive Technologies, Inc. Common Stock (GITS) are ALT (0.31), NVAX (0.30) and NAMM (0.30). 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 GITS?
- Over the past year, the stocks most inversely correlated with Global Interactive Technologies, Inc. Common Stock (GITS) are UNHG (-0.31), UNH (-0.29) and CVS (-0.27). 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 GITS correlations calculated?
- We compute the correlation of daily returns between GITS 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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