Odyssey Marine Exploration, Inc (OMEX) — Stock Correlations & Overview
Over the past year, OMEX has moved most closely with TMC, CRML, NNE. Explore the stocks most correlated and inversely correlated with OMEX below, along with its price, financials, and company profile.
Stocks correlated with OMEX
Correlation of daily returns. Higher positive values move with OMEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with OMEX
| Symbol | Company | Correlation |
|---|---|---|
| TMC | TMC the metals company Inc. Common StockMETAL MINING | 0.54 |
| CRML | Critical Metals Corp. Ordinary Shares | 0.52 |
| NNE | Nano Nuclear Energy Inc. Common StockELECTRIC SERVICES | 0.52 |
| MP | MP Materials Corp.METAL MINING | 0.51 |
| FMKT | The Free Markets ETF | 0.51 |
Most inversely correlated with OMEX
| Symbol | Company | Correlation |
|---|---|---|
| TWM | ProShares UltraShort Russell2000 | -0.44 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.44 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.44 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.43 |
| RWM | ProShares Short Russell2000 | -0.43 |
Frequently asked questions about OMEX correlations
- Which stocks are most correlated with OMEX?
- Based on one year of daily returns, the stocks most correlated with Odyssey Marine Exploration, Inc (OMEX) are TMC (0.54), CRML (0.52) and NNE (0.52). 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 OMEX?
- Over the past year, the stocks most inversely correlated with Odyssey Marine Exploration, Inc (OMEX) are TWM (-0.44), SARK (-0.44) and SRTY (-0.44). 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 OMEX correlations calculated?
- We compute the correlation of daily returns between OMEX 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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