New Era Energy & Digital, Inc. Common Stock (NUAI) — Stock Correlations & Overview
Over the past year, NUAI has moved most closely with NUAIW, WGMI, IREX. Explore the stocks most correlated and inversely correlated with NUAI below, along with its price, financials, and company profile.
Stocks correlated with NUAI
Correlation of daily returns. Higher positive values move with NUAI; negative values move opposite it. Informational only, not investment advice.
Most correlated with NUAI
| Symbol | Company | Correlation |
|---|---|---|
| NUAIW | New Era Energy & Digital, Inc. WarrantsCRUDE PETROLEUM & NATURAL GAS | 0.83 |
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.53 |
| IREX | Tradr 2X Long IREN Daily ETF | 0.52 |
| IRE | Defiance Daily Target 2X Long IREN ETF | 0.52 |
| HYP | Golden Eagle Dynamic Hypergrowth ETF | 0.52 |
Most inversely correlated with NUAI
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.47 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.46 |
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.46 |
| DAMD | Defiance Daily Target 2X Short AMD ETF | -0.45 |
| SSG | ProShares UltraShort Semiconductors | -0.45 |
Frequently asked questions about NUAI correlations
- Which stocks are most correlated with NUAI?
- Based on one year of daily returns, the stocks most correlated with New Era Energy & Digital, Inc. Common Stock (NUAI) are NUAIW (0.83), WGMI (0.53) and IREX (0.52). 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 NUAI?
- Over the past year, the stocks most inversely correlated with New Era Energy & Digital, Inc. Common Stock (NUAI) are SOXS (-0.47), TSXD (-0.46) and AMDD (-0.46). 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 NUAI correlations calculated?
- We compute the correlation of daily returns between NUAI 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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