ESS Tech, Inc. (GWH) — Stock Correlations & Overview
Over the past year, GWH has moved most closely with ELBM, ASPI, NKLR. Explore the stocks most correlated and inversely correlated with GWH below, along with its price, financials, and company profile.
Stocks correlated with GWH
Correlation of daily returns. Higher positive values move with GWH; negative values move opposite it. Informational only, not investment advice.
Most correlated with GWH
| Symbol | Company | Correlation |
|---|---|---|
| ELBM | Electra Battery Materials Corporation Common Stock | 0.48 |
| ASPI | ASP Isotopes Inc. Common StockMISCELLANEOUS CHEMICAL PRODUCTS | 0.39 |
| NKLR | Terra Innovatum Global N.V. Ordinary sharesFABRICATED PLATE WORK (BOILER SHOPS) | 0.38 |
| NMG | Nouveau Monde Graphite Inc. | 0.35 |
| MP | MP Materials Corp.METAL MINING | 0.34 |
Most inversely correlated with GWH
| Symbol | Company | Correlation |
|---|---|---|
| TVRD | Tvardi Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.38 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.29 |
| SCCF | Sachem Capital Corp. 7.125% Notes due 2027REAL ESTATE INVESTMENT TRUSTS | -0.29 |
| VG | Venture Global, Inc.NATURAL GAS DISTRIBUTION | -0.23 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.22 |
Frequently asked questions about GWH correlations
- Which stocks are most correlated with GWH?
- Based on one year of daily returns, the stocks most correlated with ESS Tech, Inc. (GWH) are ELBM (0.48), ASPI (0.39) and NKLR (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 GWH?
- Over the past year, the stocks most inversely correlated with ESS Tech, Inc. (GWH) are TVRD (-0.38), RGTZ (-0.29) and SCCF (-0.29). 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 GWH correlations calculated?
- We compute the correlation of daily returns between GWH 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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