New Era Energy & Digital, Inc. Warrants (NUAIW) — Stock Correlations & Overview
Over the past year, NUAIW has moved most closely with NUAI, BGLD, ROMO. Explore the stocks most correlated and inversely correlated with NUAIW below, along with its price, financials, and company profile.
Stocks correlated with NUAIW
Correlation of daily returns. Higher positive values move with NUAIW; negative values move opposite it. Informational only, not investment advice.
Most correlated with NUAIW
| Symbol | Company | Correlation |
|---|---|---|
| NUAI | New Era Energy & Digital, Inc. Common StockCRUDE PETROLEUM & NATURAL GAS | 0.83 |
| BGLD | FT Vest Gold Strategy Quarterly Buffer ETF | 0.50 |
| ROMO | Strategy Shares Newfound/ReSolve Robust Momentum ETF | 0.49 |
| BFAP | FT Vest Bitcoin Strategy Floor15 ETF - April | 0.47 |
| MREO | Mereo BioPharma Group plc American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.46 |
Most inversely correlated with NUAIW
| Symbol | Company | Correlation |
|---|---|---|
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.41 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.41 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.41 |
| DAMD | Defiance Daily Target 2X Short AMD ETF | -0.40 |
| SSG | ProShares UltraShort Semiconductors | -0.40 |
Frequently asked questions about NUAIW correlations
- Which stocks are most correlated with NUAIW?
- Based on one year of daily returns, the stocks most correlated with New Era Energy & Digital, Inc. Warrants (NUAIW) are NUAI (0.83), BGLD (0.50) and ROMO (0.49). 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 NUAIW?
- Over the past year, the stocks most inversely correlated with New Era Energy & Digital, Inc. Warrants (NUAIW) are AMDD (-0.41), BTAL (-0.41) and TSXD (-0.41). 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 NUAIW correlations calculated?
- We compute the correlation of daily returns between NUAIW 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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