Nayax Ltd. Ordinary Shares (NYAX) — Stock Correlations & Overview
Over the past year, NYAX has moved most closely with IZRL, EIS, OPFI. Explore the stocks most correlated and inversely correlated with NYAX below, along with its price, financials, and company profile.
Stocks correlated with NYAX
Correlation of daily returns. Higher positive values move with NYAX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NYAX
| Symbol | Company | Correlation |
|---|---|---|
| IZRL | ARK Israel Innovative Technology ETF | 0.39 |
| EIS | iShares MSCI Israel ETF | 0.39 |
| OPFI | OppFi Inc.FINANCE SERVICES | 0.35 |
| KEN | KENON HOLDINGS LTD. | 0.34 |
| EVTL | Vertical Aerospace Ltd. | 0.34 |
Most inversely correlated with NYAX
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.24 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.23 |
| SH | ProShares Short S&P500 | -0.23 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.23 |
| SDS | ProShares UltraShort S&P500 | -0.23 |
Frequently asked questions about NYAX correlations
- Which stocks are most correlated with NYAX?
- Based on one year of daily returns, the stocks most correlated with Nayax Ltd. Ordinary Shares (NYAX) are IZRL (0.39), EIS (0.39) and OPFI (0.35). 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 NYAX?
- Over the past year, the stocks most inversely correlated with Nayax Ltd. Ordinary Shares (NYAX) are JETD (-0.24), FNGD (-0.23) and SH (-0.23). 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 NYAX correlations calculated?
- We compute the correlation of daily returns between NYAX 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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