Nutanix, Inc. Class A Common Stock (NTNX) — Stock Correlations & Overview
Over the past year, NTNX has moved most closely with WCLD, DAT, CLOU. Explore the stocks most correlated and inversely correlated with NTNX below, along with its price, financials, and company profile.
Stocks correlated with NTNX
Correlation of daily returns. Higher positive values move with NTNX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NTNX
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.68 |
| DAT | ProShares Big Data Refiners ETF | 0.67 |
| CLOU | Global X Cloud Computing ETF | 0.65 |
| ABOT | Abacus FCF Innovation Leaders ETF | 0.64 |
| CLOD | Themes Cloud Computing ETF | 0.63 |
Most inversely correlated with NTNX
| Symbol | Company | Correlation |
|---|---|---|
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.48 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.46 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.35 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.35 |
Frequently asked questions about NTNX correlations
- Which stocks are most correlated with NTNX?
- Based on one year of daily returns, the stocks most correlated with Nutanix, Inc. Class A Common Stock (NTNX) are WCLD (0.68), DAT (0.67) and CLOU (0.65). 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 NTNX?
- Over the past year, the stocks most inversely correlated with Nutanix, Inc. Class A Common Stock (NTNX) are PALD (-0.48), WEBS (-0.46) and HDGE (-0.43). 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 NTNX correlations calculated?
- We compute the correlation of daily returns between NTNX 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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