New Providence Acquisition Corp. III Class A Ordinary Shares (NPAC) — Stock Correlations & Overview
Over the past year, NPAC has moved most closely with GXAI, CLSKW, EVAC. Explore the stocks most correlated and inversely correlated with NPAC below, along with its price, financials, and company profile.
Stocks correlated with NPAC
Correlation of daily returns. Higher positive values move with NPAC; negative values move opposite it. Informational only, not investment advice.
Most correlated with NPAC
| Symbol | Company | Correlation |
|---|---|---|
| GXAI | Gaxos.ai Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.33 |
| CLSKW | CleanSpark, Inc. WarrantFINANCE SERVICES | 0.28 |
| EVAC | EQV Ventures Acquisition Corp. IIBLANK CHECKS | 0.26 |
| STEM | Stem, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.25 |
| YETH | Roundhill Ether Covered Call Strategy ETF | 0.25 |
Most inversely correlated with NPAC
| Symbol | Company | Correlation |
|---|---|---|
| JJSF | J&J Snack Foods CorpCOOKIES & CRACKERS | -0.26 |
| SLAB | Silicon Laboratories IncSEMICONDUCTORS & RELATED DEVICES | -0.25 |
| BR | Broadridge Financial Solutions IncSERVICES-BUSINESS SERVICES, NEC | -0.25 |
| ELME | Elme CommunitiesREAL ESTATE INVESTMENT TRUSTS | -0.24 |
| SPGI | S&P Global Inc.SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES | -0.24 |
Frequently asked questions about NPAC correlations
- Which stocks are most correlated with NPAC?
- Based on one year of daily returns, the stocks most correlated with New Providence Acquisition Corp. III Class A Ordinary Shares (NPAC) are GXAI (0.33), CLSKW (0.28) and EVAC (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 NPAC?
- Over the past year, the stocks most inversely correlated with New Providence Acquisition Corp. III Class A Ordinary Shares (NPAC) are JJSF (-0.26), SLAB (-0.25) and BR (-0.25). 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 NPAC correlations calculated?
- We compute the correlation of daily returns between NPAC 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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