Nixxy, Inc. Common Stock (NIXX) — Stock Correlations & Overview
Over the past year, NIXX has moved most closely with TKNO, HOOW, RMT. Explore the stocks most correlated and inversely correlated with NIXX below, along with its price, financials, and company profile.
Stocks correlated with NIXX
Correlation of daily returns. Higher positive values move with NIXX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NIXX
| Symbol | Company | Correlation |
|---|---|---|
| TKNO | Alpha Teknova, Inc. Common StockIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES | 0.30 |
| HOOW | Roundhill HOOD WeeklyPay ETF | 0.26 |
| RMT | Royce Micro-Cap Trust Inc | 0.26 |
| HOOG | Leverage Shares 2X Long HOOD Daily ETF | 0.26 |
| HOOX | Defiance Daily Target 2X Long HOOD ETF | 0.26 |
Most inversely correlated with NIXX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.26 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.22 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.21 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.21 |
| RWM | ProShares Short Russell2000 | -0.21 |
Frequently asked questions about NIXX correlations
- Which stocks are most correlated with NIXX?
- Based on one year of daily returns, the stocks most correlated with Nixxy, Inc. Common Stock (NIXX) are TKNO (0.30), HOOW (0.26) and RMT (0.26). 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 NIXX?
- Over the past year, the stocks most inversely correlated with Nixxy, Inc. Common Stock (NIXX) are SARK (-0.26), TZA (-0.22) and SRTY (-0.21). 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 NIXX correlations calculated?
- We compute the correlation of daily returns between NIXX 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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