Which stocks are most correlated with MDAI?

Based on one year of daily returns, the stocks most correlated with Spectral AI, Inc. Class A Common Stock (MDAI) are MDAIW (0.52), SATL (0.45) and SATO (0.42). 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 MDAI?

Over the past year, the stocks most inversely correlated with Spectral AI, Inc. Class A Common Stock (MDAI) are SARK (-0.41), RGTZ (-0.36) and TZA (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Spectral AI, Inc. Class A Common Stock (MDAI) — Stock Correlations & Overview

Over the past year, MDAI has moved most closely with MDAIW, SATL, SATO. Explore the stocks most correlated and inversely correlated with MDAI below, along with its price, financials, and company profile.

Stocks correlated with MDAI

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

Most correlated with MDAI

Symbol	Company	Correlation
MDAIW	Spectral AI, Inc. WarrantsSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.52
SATL	Satellogic Inc. Class A Ordinary SharesRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT	0.45
SATO	Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE	0.42
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.41
ARKK	ARK Innovation ETF	0.41

Most inversely correlated with MDAI

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.41
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.36
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.33
SRTY	ProShares UltraPro Short Russell2000	-0.33
TWM	ProShares UltraShort Russell2000	-0.33

Frequently asked questions about MDAI correlations

Which stocks are most correlated with MDAI?: Based on one year of daily returns, the stocks most correlated with Spectral AI, Inc. Class A Common Stock (MDAI) are MDAIW (0.52), SATL (0.45) and SATO (0.42). 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 MDAI?: Over the past year, the stocks most inversely correlated with Spectral AI, Inc. Class A Common Stock (MDAI) are SARK (-0.41), RGTZ (-0.36) and TZA (-0.33). 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 MDAI correlations calculated?: We compute the correlation of daily returns between MDAI 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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