Health In Tech, Inc. Class A Common Stock (HIT) — Stock Correlations & Overview
Over the past year, HIT has moved most closely with DAVA, OM, TLS. Explore the stocks most correlated and inversely correlated with HIT below, along with its price, financials, and company profile.
Stocks correlated with HIT
Correlation of daily returns. Higher positive values move with HIT; negative values move opposite it. Informational only, not investment advice.
Most correlated with HIT
| Symbol | Company | Correlation |
|---|---|---|
| DAVA | Endava plc American Depositary Shares (each representing one Class A Ordinary Share) | 0.34 |
| OM | Outset Medical, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.30 |
| TLS | Telos Corporation Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.30 |
| CLIX | ProShares Long Online/Short Stores ETF | 0.29 |
| DAVEW | Dave Inc. WarrantsFINANCE SERVICES | 0.29 |
Most inversely correlated with HIT
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.28 |
| LFS | LEIFRAS Co., Ltd. American Depositary Shares | -0.26 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.26 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.25 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.24 |
Frequently asked questions about HIT correlations
- Which stocks are most correlated with HIT?
- Based on one year of daily returns, the stocks most correlated with Health In Tech, Inc. Class A Common Stock (HIT) are DAVA (0.34), OM (0.30) and TLS (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 HIT?
- Over the past year, the stocks most inversely correlated with Health In Tech, Inc. Class A Common Stock (HIT) are SARK (-0.28), LFS (-0.26) and SLTY (-0.26). 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 HIT correlations calculated?
- We compute the correlation of daily returns between HIT 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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