IDT Corporation Class B (IDT) — Stock Correlations & Overview
Over the past year, IDT has moved most closely with DKI, DLXY, DOCU. Explore the stocks most correlated and inversely correlated with IDT below, along with its price, financials, and company profile.
Stocks correlated with IDT
Correlation of daily returns. Higher positive values move with IDT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IDT
| Symbol | Company | Correlation |
|---|---|---|
| DKI | DarkIris Inc. Class A Ordinary Shares | 0.50 |
| DLXY | Delixy Holdings Limited Class A Ordinary Shares | 0.43 |
| DOCU | DocuSign, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.41 |
| MSpF | MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.40 |
| ENVA | Enova International, Inc.PERSONAL CREDIT INSTITUTIONS | 0.38 |
Most inversely correlated with IDT
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| BENF | Beneficient Class A Common StockFINANCE SERVICES | -0.32 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.30 |
| TBN | Tamboran Resources CorporationCRUDE PETROLEUM & NATURAL GAS | -0.28 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.26 |
Frequently asked questions about IDT correlations
- Which stocks are most correlated with IDT?
- Based on one year of daily returns, the stocks most correlated with IDT Corporation Class B (IDT) are DKI (0.50), DLXY (0.43) and DOCU (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 IDT?
- Over the past year, the stocks most inversely correlated with IDT Corporation Class B (IDT) are HDGE (-0.36), BENF (-0.32) and DWSH (-0.30). 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 IDT correlations calculated?
- We compute the correlation of daily returns between IDT 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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