Maris-Tech Ltd. Ordinary Shares (MTEK) — Stock Correlations & Overview
Over the past year, MTEK has moved most closely with MLTX, KALA, TOCT. Explore the stocks most correlated and inversely correlated with MTEK below, along with its price, financials, and company profile.
Stocks correlated with MTEK
Correlation of daily returns. Higher positive values move with MTEK; negative values move opposite it. Informational only, not investment advice.
Most correlated with MTEK
| Symbol | Company | Correlation |
|---|---|---|
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | 0.63 |
| KALA | KALA BIO, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.61 |
| TOCT | Innovator Equity Defined Protection ETF - 2 Yr to October 2027 | 0.46 |
| DDTO | Innovator Equity Dual Directional 10 Buffer ETF - October | 0.43 |
| ESSC | Eventide Small Cap ETF | 0.42 |
Frequently asked questions about MTEK correlations
- Which stocks are most correlated with MTEK?
- Based on one year of daily returns, the stocks most correlated with Maris-Tech Ltd. Ordinary Shares (MTEK) are MLTX (0.63), KALA (0.61) and TOCT (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 MTEK?
- Over the past year, the stocks most inversely correlated with Maris-Tech Ltd. Ordinary Shares (MTEK) are WOLF (-0.53), ENTA (-0.43) and RWM (-0.32). 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 MTEK correlations calculated?
- We compute the correlation of daily returns between MTEK 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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