Which stocks are most correlated with LIDR?

Based on one year of daily returns, the stocks most correlated with AEye, Inc. Class A Common Stock (LIDR) are INVZ (0.46), ARKQ (0.46) and MEME (0.46). 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 LIDR?

Over the past year, the stocks most inversely correlated with AEye, Inc. Class A Common Stock (LIDR) are SARK (-0.41), AMDD (-0.38) and IONZ (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

AEye, Inc. Class A Common Stock (LIDR) — Stock Correlations & Overview

Over the past year, LIDR has moved most closely with INVZ, ARKQ, MEME. Explore the stocks most correlated and inversely correlated with LIDR below, along with its price, financials, and company profile.

Stocks correlated with LIDR

Correlation of daily returns. Higher positive values move with LIDR; negative values move opposite it. Informational only, not investment advice.

Most correlated with LIDR

Symbol	Company	Correlation
INVZ	Innoviz Technologies Ltd. Ordinary shares	0.46
ARKQ	ARK Autonomous Technology & Robotics ETF	0.46
MEME	Roundhill Meme Stock ETF	0.46
WQTM	WisdomTree Quantum Computing Fund	0.46
OUST	Ouster, Inc.GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC	0.45

Most inversely correlated with LIDR

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.41
AMDD	Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF	-0.38
IONZ	Defiance Daily Target 2x Short IONQ ETF	-0.38
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.37
BERZ	MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37

Frequently asked questions about LIDR correlations

Which stocks are most correlated with LIDR?: Based on one year of daily returns, the stocks most correlated with AEye, Inc. Class A Common Stock (LIDR) are INVZ (0.46), ARKQ (0.46) and MEME (0.46). 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 LIDR?: Over the past year, the stocks most inversely correlated with AEye, Inc. Class A Common Stock (LIDR) are SARK (-0.41), AMDD (-0.38) and IONZ (-0.38). 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 LIDR correlations calculated?: We compute the correlation of daily returns between LIDR 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.