Nextdoor Holdings, Inc. (NXDR) — Stock Correlations & Overview
Over the past year, NXDR has moved most closely with WRBY, OGIG, FDND. Explore the stocks most correlated and inversely correlated with NXDR below, along with its price, financials, and company profile.
Stocks correlated with NXDR
Correlation of daily returns. Higher positive values move with NXDR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NXDR
| Symbol | Company | Correlation |
|---|---|---|
| WRBY | Warby Parker Inc.OPHTHALMIC GOODS | 0.44 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.42 |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 0.41 |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 0.41 |
| WEBL | Direxion Daily Dow Jones Internet Bull 3X ETF | 0.41 |
Most inversely correlated with NXDR
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.41 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.37 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.37 |
| POM | POMDOCTOR LIMITED American Depositary Shares | -0.35 |
| CHOW | ChowChow Cloud International Holdings Limited | -0.33 |
Frequently asked questions about NXDR correlations
- Which stocks are most correlated with NXDR?
- Based on one year of daily returns, the stocks most correlated with Nextdoor Holdings, Inc. (NXDR) are WRBY (0.44), OGIG (0.42) and FDND (0.41). 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 NXDR?
- Over the past year, the stocks most inversely correlated with Nextdoor Holdings, Inc. (NXDR) are WEBS (-0.41), HDGE (-0.37) and SARK (-0.37). 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 NXDR correlations calculated?
- We compute the correlation of daily returns between NXDR 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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