Neonode Inc. Common Stock (NEON) — Stock Correlations & Overview
Over the past year, NEON has moved most closely with FFND, MAVF, ARKT. Explore the stocks most correlated and inversely correlated with NEON below, along with its price, financials, and company profile.
Stocks correlated with NEON
Correlation of daily returns. Higher positive values move with NEON; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEON
| Symbol | Company | Correlation |
|---|---|---|
| FFND | One Global ETF | 0.45 |
| MAVF | Matrix Advisors Value ETF | 0.44 |
| ARKT | ARK DIET Q4 Buffer ETF | 0.44 |
| GXLC | Global X U.S. 500 ETF | 0.43 |
| STEN | iShares Large Cap 10% Target Buffer Sep ETF | 0.43 |
Most inversely correlated with NEON
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.42 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.41 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.41 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.41 |
| DXD | ProShares UltraShort Dow 30 | -0.41 |
Frequently asked questions about NEON correlations
- Which stocks are most correlated with NEON?
- Based on one year of daily returns, the stocks most correlated with Neonode Inc. Common Stock (NEON) are FFND (0.45), MAVF (0.44) and ARKT (0.44). 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 NEON?
- Over the past year, the stocks most inversely correlated with Neonode Inc. Common Stock (NEON) are SARK (-0.42), SPDN (-0.41) and SDOW (-0.41). 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 NEON correlations calculated?
- We compute the correlation of daily returns between NEON 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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