Leverage Shares 2X Long PLTR Daily ETF (PLTG) — Stock Correlations & Overview
Over the past year, PLTG has moved most closely with PLTA, PTIR, PLTR. Explore the stocks most correlated and inversely correlated with PLTG below, along with its price, financials, and company profile.
Stocks correlated with PLTG
Correlation of daily returns. Higher positive values move with PLTG; negative values move opposite it. Informational only, not investment advice.
Most correlated with PLTG
| Symbol | Company | Correlation |
|---|---|---|
| PLTA | ProShares Ultra PLTR | 0.99 |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | 0.99 |
| PLTR | Palantir Technologies Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.99 |
| PLTU | Direxion Shares ETF Trust Direxion Daily PLTR Bull 2X ETF | 0.98 |
| PLTW | Roundhill PLTR WeeklyPay ETF | 0.98 |
Most inversely correlated with PLTG
| Symbol | Company | Correlation |
|---|---|---|
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.97 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.95 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.57 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.57 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.57 |
Frequently asked questions about PLTG correlations
- Which stocks are most correlated with PLTG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long PLTR Daily ETF (PLTG) are PLTA (0.99), PTIR (0.99) and PLTR (0.99). 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 PLTG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long PLTR Daily ETF (PLTG) are PLTD (-0.97), PLTZ (-0.95) and FNGD (-0.57). 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 PLTG correlations calculated?
- We compute the correlation of daily returns between PLTG 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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