Noodles & Company Class A (NDLS) — Stock Correlations & Overview
Over the past year, NDLS has moved most closely with EEIQ, LPA, KOD. Explore the stocks most correlated and inversely correlated with NDLS below, along with its price, financials, and company profile.
Stocks correlated with NDLS
Correlation of daily returns. Higher positive values move with NDLS; negative values move opposite it. Informational only, not investment advice.
Most correlated with NDLS
| Symbol | Company | Correlation |
|---|---|---|
| EEIQ | EpicQuest Education Group International Limited Common Stock | 0.31 |
| LPA | Logistic Properties of the Americas | 0.30 |
| KOD | Kodiak Sciences Inc Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.29 |
| AIFF | Firefly Neuroscience, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.27 |
| RSF | RiverNorth Capital and Income Fund, Inc. | 0.27 |
Most inversely correlated with NDLS
| Symbol | Company | Correlation |
|---|---|---|
| MGN | Megan Holdings Limited Class A Ordinary Shares | -0.41 |
| WVE | Wave Life Sciences Ltd. Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.31 |
| TASK | TaskUs, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.24 |
| PULM | Pulmatrix, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.23 |
| USFR | WisdomTree Floating Rate Treasury Fund | -0.21 |
Frequently asked questions about NDLS correlations
- Which stocks are most correlated with NDLS?
- Based on one year of daily returns, the stocks most correlated with Noodles & Company Class A (NDLS) are EEIQ (0.31), LPA (0.30) and KOD (0.29). 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 NDLS?
- Over the past year, the stocks most inversely correlated with Noodles & Company Class A (NDLS) are MGN (-0.41), WVE (-0.31) and TASK (-0.24). 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 NDLS correlations calculated?
- We compute the correlation of daily returns between NDLS 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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