Tradr 2X Long JOBY Daily ETF (JOBX) — Stock Correlations & Overview
Over the past year, JOBX has moved most closely with JOBY, ARCX, ACHR. Explore the stocks most correlated and inversely correlated with JOBX below, along with its price, financials, and company profile.
Stocks correlated with JOBX
Correlation of daily returns. Higher positive values move with JOBX; negative values move opposite it. Informational only, not investment advice.
Most correlated with JOBX
| Symbol | Company | Correlation |
|---|---|---|
| JOBY | Joby Aviation, Inc.AIRCRAFT | 0.99 |
| ARCX | Tradr 2X Long ACHR Daily ETF | 0.76 |
| ACHR | Archer Aviation Inc.AIRCRAFT | 0.76 |
| ARKX | ARK Space & Defense Innovation ETF | 0.75 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.75 |
Most inversely correlated with JOBX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.66 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.60 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.60 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.58 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.58 |
Frequently asked questions about JOBX correlations
- Which stocks are most correlated with JOBX?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long JOBY Daily ETF (JOBX) are JOBY (0.99), ARCX (0.76) and ACHR (0.76). 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 JOBX?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long JOBY Daily ETF (JOBX) are SARK (-0.66), RGTZ (-0.60) and AIBD (-0.60). 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 JOBX correlations calculated?
- We compute the correlation of daily returns between JOBX 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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