Formidable Fortress ETF (KONG) — Stock Correlations & Overview
Over the past year, KONG has moved most closely with DTEC, PSET, QOWZ. Explore the stocks most correlated and inversely correlated with KONG below, along with its price, financials, and company profile.
Stocks correlated with KONG
Correlation of daily returns. Higher positive values move with KONG; negative values move opposite it. Informational only, not investment advice.
Most correlated with KONG
| Symbol | Company | Correlation |
|---|---|---|
| DTEC | ALPS Disruptive Technologies ETF | 0.84 |
| PSET | Principal Exchange-Traded Funds Principal Quality ETF | 0.84 |
| QOWZ | Invesco Nasdaq Free Cash Flow Achievers ETFINVESTMENT ADVICE | 0.83 |
| WOMN | Impact Shares Womens Empowerment ETF Trading | 0.83 |
| FTGS | First Trust Growth Strength ETF | 0.83 |
Frequently asked questions about KONG correlations
- Which stocks are most correlated with KONG?
- Based on one year of daily returns, the stocks most correlated with Formidable Fortress ETF (KONG) are DTEC (0.84), PSET (0.84) and QOWZ (0.83). 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 KONG?
- Over the past year, the stocks most inversely correlated with Formidable Fortress ETF (KONG) are WEBS (-0.74), HDGE (-0.72) and SDS (-0.70). 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 KONG correlations calculated?
- We compute the correlation of daily returns between KONG 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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