Netskope, Inc. Class A Common Stock (NTSK) — Stock Correlations & Overview
Over the past year, NTSK has moved most closely with WCBR, BUG, XSW. Explore the stocks most correlated and inversely correlated with NTSK below, along with its price, financials, and company profile.
Stocks correlated with NTSK
Correlation of daily returns. Higher positive values move with NTSK; negative values move opposite it. Informational only, not investment advice.
Most correlated with NTSK
| Symbol | Company | Correlation |
|---|---|---|
| WCBR | WisdomTree Cybersecurity Fund | 0.62 |
| BUG | Global X Cybersecurity ETF | 0.62 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.62 |
| WCLD | WisdomTree Cloud Computing Fund | 0.61 |
| IGV | iShares Expanded Tech-Software Sector ETF | 0.61 |
Most inversely correlated with NTSK
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.51 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.44 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.42 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.41 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.38 |
Frequently asked questions about NTSK correlations
- Which stocks are most correlated with NTSK?
- Based on one year of daily returns, the stocks most correlated with Netskope, Inc. Class A Common Stock (NTSK) are WCBR (0.62), BUG (0.62) and XSW (0.62). 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 NTSK?
- Over the past year, the stocks most inversely correlated with Netskope, Inc. Class A Common Stock (NTSK) are WEBS (-0.51), PALD (-0.44) and AIBD (-0.42). 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 NTSK correlations calculated?
- We compute the correlation of daily returns between NTSK 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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