Owlet, Inc. (OWLT) — Stock Correlations & Overview
Over the past year, OWLT has moved most closely with CLDI, BCIC, FYC. Explore the stocks most correlated and inversely correlated with OWLT below, along with its price, financials, and company profile.
Stocks correlated with OWLT
Correlation of daily returns. Higher positive values move with OWLT; negative values move opposite it. Informational only, not investment advice.
Most correlated with OWLT
| Symbol | Company | Correlation |
|---|---|---|
| CLDI | Calidi Biotherapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.54 |
| BCIC | BCP Investment Corporation Common Stock | 0.43 |
| FYC | First Trust Small Cap Growth AlphaDEX Fund | 0.42 |
| SFEB | FT Vest U.S. Small Cap Moderate Buffer ETF - February | 0.42 |
| IWC | iShares Micro-Cap ETF | 0.42 |
Frequently asked questions about OWLT correlations
- Which stocks are most correlated with OWLT?
- Based on one year of daily returns, the stocks most correlated with Owlet, Inc. (OWLT) are CLDI (0.54), BCIC (0.43) and FYC (0.42). 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 OWLT?
- Over the past year, the stocks most inversely correlated with Owlet, Inc. (OWLT) are RWM (-0.40), TWM (-0.40) and SRTY (-0.40). 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 OWLT correlations calculated?
- We compute the correlation of daily returns between OWLT 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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