Nutex Health Inc. Common Stock (NUTX) — Stock Correlations & Overview
Over the past year, NUTX has moved most closely with ARKT, CRNC, ARKK. Explore the stocks most correlated and inversely correlated with NUTX below, along with its price, financials, and company profile.
Stocks correlated with NUTX
Correlation of daily returns. Higher positive values move with NUTX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NUTX
| Symbol | Company | Correlation |
|---|---|---|
| ARKT | ARK DIET Q4 Buffer ETF | 0.42 |
| CRNC | Cerence Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.40 |
| ARKK | ARK Innovation ETF | 0.40 |
| TARK | Investment Managers Series Trust II Tradr 2X Long Innovation ETF | 0.40 |
| XHS | State Street SPDR S&P Health Care Services ETF | 0.39 |
Most inversely correlated with NUTX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.39 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.32 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.31 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
Frequently asked questions about NUTX correlations
- Which stocks are most correlated with NUTX?
- Based on one year of daily returns, the stocks most correlated with Nutex Health Inc. Common Stock (NUTX) are ARKT (0.42), CRNC (0.40) and ARKK (0.40). 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 NUTX?
- Over the past year, the stocks most inversely correlated with Nutex Health Inc. Common Stock (NUTX) are SARK (-0.39), VXX (-0.32) and FNGD (-0.31). 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 NUTX correlations calculated?
- We compute the correlation of daily returns between NUTX 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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