Iveda Solutions, Inc. Common Stock (IVDA) — Stock Correlations & Overview
Over the past year, IVDA has moved most closely with MCO, MAMO, FINX. Explore the stocks most correlated and inversely correlated with IVDA below, along with its price, financials, and company profile.
Stocks correlated with IVDA
Correlation of daily returns. Higher positive values move with IVDA; negative values move opposite it. Informational only, not investment advice.
Most correlated with IVDA
| Symbol | Company | Correlation |
|---|---|---|
| MCO | Moody's CorporationSERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES | 0.34 |
| MAMO | Massimo Group Common StockMISCELLANEOUS TRANSPORTATION EQUIPMENT | 0.33 |
| FINX | Global X Funds Global X FinTech ETF | 0.33 |
| GDYN | Grid Dynamics Holdings, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.33 |
| SPGI | S&P Global Inc.SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES | 0.33 |
Most inversely correlated with IVDA
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.28 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.28 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.27 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
Frequently asked questions about IVDA correlations
- Which stocks are most correlated with IVDA?
- Based on one year of daily returns, the stocks most correlated with Iveda Solutions, Inc. Common Stock (IVDA) are MCO (0.34), MAMO (0.33) and FINX (0.33). 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 IVDA?
- Over the past year, the stocks most inversely correlated with Iveda Solutions, Inc. Common Stock (IVDA) are WEBS (-0.28), CONI (-0.28) and AIBD (-0.27). 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 IVDA correlations calculated?
- We compute the correlation of daily returns between IVDA 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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