Which stocks are most correlated with PNOV?

Based on one year of daily returns, the stocks most correlated with Innovator U.S. Equity Power Buffer ETF - November (PNOV) are NVBT (0.97), NVBW (0.97) and UNOV (0.96). 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 PNOV?

Over the past year, the stocks most inversely correlated with Innovator U.S. Equity Power Buffer ETF - November (PNOV) are SPXU (-0.94), SPXS (-0.94) and SDS (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator U.S. Equity Power Buffer ETF - November (PNOV) — Stock Correlations & Overview

Over the past year, PNOV has moved most closely with NVBT, NVBW, UNOV. Explore the stocks most correlated and inversely correlated with PNOV below, along with its price, financials, and company profile.

Stocks correlated with PNOV

Correlation of daily returns. Higher positive values move with PNOV; negative values move opposite it. Informational only, not investment advice.

Most correlated with PNOV

Symbol	Company	Correlation
NVBT	AllianzIM U.S. Equity Buffer10 Nov ETF	0.97
NVBW	AllianzIM U.S. Equity Buffer20 Nov ETF	0.97
UNOV	Innovator U.S. Equity Ultra Buffer ETF - NovemberPHARMACEUTICAL PREPARATIONS	0.96
OCTT	AllianzIM U.S. Equity Buffer10 Oct ETF	0.96
BFLB	BufferLABS US Equity Dynamic Buffer ETF	0.96

Most inversely correlated with PNOV

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.94
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.94
SDS	ProShares UltraShort S&P500	-0.94
SH	ProShares Short S&P500	-0.93
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.93

Frequently asked questions about PNOV correlations

Which stocks are most correlated with PNOV?: Based on one year of daily returns, the stocks most correlated with Innovator U.S. Equity Power Buffer ETF - November (PNOV) are NVBT (0.97), NVBW (0.97) and UNOV (0.96). 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 PNOV?: Over the past year, the stocks most inversely correlated with Innovator U.S. Equity Power Buffer ETF - November (PNOV) are SPXU (-0.94), SPXS (-0.94) and SDS (-0.94). 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 PNOV correlations calculated?: We compute the correlation of daily returns between PNOV 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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