Identive, Inc. (INVE) — Stock Correlations & Overview
Over the past year, INVE has moved most closely with NNOX, SPRY, WEEL. Explore the stocks most correlated and inversely correlated with INVE below, along with its price, financials, and company profile.
Stocks correlated with INVE
Correlation of daily returns. Higher positive values move with INVE; negative values move opposite it. Informational only, not investment advice.
Most correlated with INVE
| Symbol | Company | Correlation |
|---|---|---|
| NNOX | NANO-X IMAGING LTD Ordinary Shares | 0.39 |
| SPRY | ARS Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.33 |
| WEEL | Peerless Option Income Wheel ETF | 0.30 |
| TCOM | Trip.com Group Limited American Depositary Shares | 0.30 |
| CRIS | Curis IncBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.29 |
Most inversely correlated with INVE
| Symbol | Company | Correlation |
|---|---|---|
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.27 |
| IQST | IQSTEL INC. Common StockTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | -0.26 |
| AAPD | Direxion Shares ETF Trust Direxion Daily AAPL Bear 1X ETF | -0.24 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.24 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.24 |
Frequently asked questions about INVE correlations
- Which stocks are most correlated with INVE?
- Based on one year of daily returns, the stocks most correlated with Identive, Inc. (INVE) are NNOX (0.39), SPRY (0.33) and WEEL (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 INVE?
- Over the past year, the stocks most inversely correlated with Identive, Inc. (INVE) are FXP (-0.27), IQST (-0.26) and AAPD (-0.24). 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 INVE correlations calculated?
- We compute the correlation of daily returns between INVE 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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