Greenwave Technology Solutions, Inc. Common Stock (GWAV) — Stock Correlations & Overview
Over the past year, GWAV has moved most closely with AWX, AQMS, NVA. Explore the stocks most correlated and inversely correlated with GWAV below, along with its price, financials, and company profile.
Stocks correlated with GWAV
Correlation of daily returns. Higher positive values move with GWAV; negative values move opposite it. Informational only, not investment advice.
Most correlated with GWAV
| Symbol | Company | Correlation |
|---|---|---|
| AWX | Avalon Holdings Corp.REFUSE SYSTEMS | 0.60 |
| AQMS | Aqua Metals, Inc. Common StockSECONDARY SMELTING & REFINING OF NONFERROUS METALS | 0.48 |
| NVA | Nova Minerals Corp | 0.41 |
| ABAT | American Battery Technology Company Common StockMINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) | 0.34 |
| TMQ | Trilogy Metals IncGOLD AND SILVER ORES | 0.34 |
Most inversely correlated with GWAV
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.26 |
| IRVH | Global X Interest Rate Volatility & Inflation Hedge ETF | -0.24 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.23 |
| SKF | ProShares UltraShort Financials | -0.22 |
| CMREpC | COSTAMARE INC. 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.0001 par value | -0.22 |
Frequently asked questions about GWAV correlations
- Which stocks are most correlated with GWAV?
- Based on one year of daily returns, the stocks most correlated with Greenwave Technology Solutions, Inc. Common Stock (GWAV) are AWX (0.60), AQMS (0.48) and NVA (0.41). 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 GWAV?
- Over the past year, the stocks most inversely correlated with Greenwave Technology Solutions, Inc. Common Stock (GWAV) are SKRE (-0.26), IRVH (-0.24) and FAZ (-0.23). 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 GWAV correlations calculated?
- We compute the correlation of daily returns between GWAV 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.