LiqTech International, Inc. (LIQT) — Stock Correlations & Overview
Over the past year, LIQT has moved most closely with VRRM, HZO, OIH. Explore the stocks most correlated and inversely correlated with LIQT below, along with its price, financials, and company profile.
Stocks correlated with LIQT
Correlation of daily returns. Higher positive values move with LIQT; negative values move opposite it. Informational only, not investment advice.
Most correlated with LIQT
| Symbol | Company | Correlation |
|---|---|---|
| VRRM | Verra Mobility Corporation Class A Common StockTRANSPORTATION SERVICES | 0.30 |
| HZO | MarineMax, Inc.RETAIL-AUTO & HOME SUPPLY STORES | 0.28 |
| OIH | VanEck Oil Services ETF | 0.28 |
| QQWZ | Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 0.27 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.27 |
Most inversely correlated with LIQT
| Symbol | Company | Correlation |
|---|---|---|
| MGN | Megan Holdings Limited Class A Ordinary Shares | -0.27 |
| FIZZ | National Beverage Corp.BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS | -0.23 |
| QCMD | Direxion Daily QCOM Bear 1X ETF | -0.23 |
| PMTU | PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028REAL ESTATE INVESTMENT TRUSTS | -0.22 |
| TASK | TaskUs, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.22 |
Frequently asked questions about LIQT correlations
- Which stocks are most correlated with LIQT?
- Based on one year of daily returns, the stocks most correlated with LiqTech International, Inc. (LIQT) are VRRM (0.30), HZO (0.28) and OIH (0.28). 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 LIQT?
- Over the past year, the stocks most inversely correlated with LiqTech International, Inc. (LIQT) are MGN (-0.27), FIZZ (-0.23) and QCMD (-0.23). 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 LIQT correlations calculated?
- We compute the correlation of daily returns between LIQT 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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