Newton Golf Company, Inc. Common Stock (NWTG) — Stock Correlations & Overview
Over the past year, NWTG has moved most closely with KRRO, WKHS, SPIT. Explore the stocks most correlated and inversely correlated with NWTG below, along with its price, financials, and company profile.
Stocks correlated with NWTG
Correlation of daily returns. Higher positive values move with NWTG; negative values move opposite it. Informational only, not investment advice.
Most correlated with NWTG
| Symbol | Company | Correlation |
|---|---|---|
| KRRO | Korro Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.31 |
| WKHS | Workhorse Group, IncMOTOR VEHICLES & PASSENGER CAR BODIES | 0.30 |
| SPIT | F/m Emerald Special Situations ETF | 0.29 |
| BBAI | BigBear.ai Holdings, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.29 |
| BAIG | Leverage Shares 2X Long BBAI Daily ETF | 0.29 |
Most inversely correlated with NWTG
| Symbol | Company | Correlation |
|---|---|---|
| DZZ | DB Gold Double Short ETN due February 15, 2038 | -0.30 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.25 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.23 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.23 |
Frequently asked questions about NWTG correlations
- Which stocks are most correlated with NWTG?
- Based on one year of daily returns, the stocks most correlated with Newton Golf Company, Inc. Common Stock (NWTG) are KRRO (0.31), WKHS (0.30) and SPIT (0.29). 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 NWTG?
- Over the past year, the stocks most inversely correlated with Newton Golf Company, Inc. Common Stock (NWTG) are DZZ (-0.30), SARK (-0.27) and BTAL (-0.25). 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 NWTG correlations calculated?
- We compute the correlation of daily returns between NWTG 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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