MarketAxess Holdings Inc. (MKTX) — Stock Correlations & Overview
Over the past year, MKTX has moved most closely with CYCU, MSFW, MSFT. Explore the stocks most correlated and inversely correlated with MKTX below, along with its price, financials, and company profile.
Stocks correlated with MKTX
Correlation of daily returns. Higher positive values move with MKTX; negative values move opposite it. Informational only, not investment advice.
Most correlated with MKTX
| Symbol | Company | Correlation |
|---|---|---|
| CYCU | Cycurion, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | 0.49 |
| MSFW | Roundhill MSFT WeeklyPay ETF | 0.42 |
| MSFT | Microsoft CorpSERVICES-PREPACKAGED SOFTWARE | 0.42 |
| MCS | The Marcus CorporationSERVICES-MOTION PICTURE THEATERS | 0.40 |
| MSFO | YieldMax MSFT Option Income Strategy ETF | 0.40 |
Most inversely correlated with MKTX
| Symbol | Company | Correlation |
|---|---|---|
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | -0.58 |
| ALNY | Alnylam Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | -0.47 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.45 |
| GBFH | GBank Financial Holdings Inc. Common StockSTATE COMMERCIAL BANKS | -0.45 |
| RM | REGIONAL MANAGEMENT CORPPERSONAL CREDIT INSTITUTIONS | -0.42 |
Frequently asked questions about MKTX correlations
- Which stocks are most correlated with MKTX?
- Based on one year of daily returns, the stocks most correlated with MarketAxess Holdings Inc. (MKTX) are CYCU (0.49), MSFW (0.42) and MSFT (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 MKTX?
- Over the past year, the stocks most inversely correlated with MarketAxess Holdings Inc. (MKTX) are CCB (-0.58), ALNY (-0.47) and MSFD (-0.45). 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 MKTX correlations calculated?
- We compute the correlation of daily returns between MKTX 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.