Which stocks are most correlated with NNDM?

Based on one year of daily returns, the stocks most correlated with Nano Dimension Ltd. American Depositary Shares (NNDM) are IWC (0.48), PRNT (0.45) and RYLG (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 NNDM?

Over the past year, the stocks most inversely correlated with Nano Dimension Ltd. American Depositary Shares (NNDM) are TWM (-0.44), RWM (-0.44) and SRTY (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Nano Dimension Ltd. American Depositary Shares (NNDM) — Stock Correlations & Overview

Over the past year, NNDM has moved most closely with IWC, PRNT, RYLG. Explore the stocks most correlated and inversely correlated with NNDM below, along with its price, financials, and company profile.

Stocks correlated with NNDM

Correlation of daily returns. Higher positive values move with NNDM; negative values move opposite it. Informational only, not investment advice.

Most correlated with NNDM

Symbol	Company	Correlation
IWC	iShares Micro-Cap ETF	0.48
PRNT	The 3D Printing ETF	0.45
RYLG	Global X Russell 2000 Covered Call & Growth ETF	0.44
SNOV	FT Vest U.S. Small Cap Moderate Buffer ETF - November	0.44
URTY	ProShares UltraPro Russell2000	0.44

Most inversely correlated with NNDM

Symbol	Company	Correlation
TWM	ProShares UltraShort Russell2000	-0.44
RWM	ProShares Short Russell2000	-0.44
SRTY	ProShares UltraPro Short Russell2000	-0.44
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.43
SMDD	ProShares UltraPro Short MidCap400	-0.37

Frequently asked questions about NNDM correlations

Which stocks are most correlated with NNDM?: Based on one year of daily returns, the stocks most correlated with Nano Dimension Ltd. American Depositary Shares (NNDM) are IWC (0.48), PRNT (0.45) and RYLG (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 NNDM?: Over the past year, the stocks most inversely correlated with Nano Dimension Ltd. American Depositary Shares (NNDM) are TWM (-0.44), RWM (-0.44) and SRTY (-0.44). 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 NNDM correlations calculated?: We compute the correlation of daily returns between NNDM 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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