Myomo Inc. (MYO) — Stock Correlations & Overview
Over the past year, MYO has moved most closely with ARKT, SOUX, SOUN. Explore the stocks most correlated and inversely correlated with MYO below, along with its price, financials, and company profile.
Stocks correlated with MYO
Correlation of daily returns. Higher positive values move with MYO; negative values move opposite it. Informational only, not investment advice.
Most correlated with MYO
| Symbol | Company | Correlation |
|---|---|---|
| ARKT | ARK DIET Q4 Buffer ETF | 0.38 |
| SOUX | Defiance Daily Target 2X Long SOUN ETF | 0.38 |
| SOUN | SoundHound AI, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.38 |
| TARK | Investment Managers Series Trust II Tradr 2X Long Innovation ETF | 0.37 |
| ARKK | ARK Innovation ETF | 0.36 |
Most inversely correlated with MYO
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.31 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.31 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.30 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.30 |
Frequently asked questions about MYO correlations
- Which stocks are most correlated with MYO?
- Based on one year of daily returns, the stocks most correlated with Myomo Inc. (MYO) are ARKT (0.38), SOUX (0.38) and SOUN (0.38). 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 MYO?
- Over the past year, the stocks most inversely correlated with Myomo Inc. (MYO) are SARK (-0.36), AIBD (-0.31) and CONI (-0.31). 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 MYO correlations calculated?
- We compute the correlation of daily returns between MYO 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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