PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) — Stock Correlations & Overview
Over the past year, PQOC has moved most closely with NOCT, QSPT, QDEC. Explore the stocks most correlated and inversely correlated with PQOC below, along with its price, financials, and company profile.
Stocks correlated with PQOC
Correlation of daily returns. Higher positive values move with PQOC; negative values move opposite it. Informational only, not investment advice.
Most correlated with PQOC
| Symbol | Company | Correlation |
|---|---|---|
| NOCT | Innovator Growth-100 Power Buffer ETF- October | 0.98 |
| QSPT | FT Vest Nasdaq-100 Buffer ETF - September | 0.98 |
| QDEC | FT Vest Growth-100 Buffer ETF - December | 0.97 |
| PBQQ | PGIM Laddered Nasdaq-100 Buffer 12 ETF | 0.97 |
| QMFE | FT Vest Nasdaq-100 Moderate Buffer ETF - February | 0.96 |
Frequently asked questions about PQOC correlations
- Which stocks are most correlated with PQOC?
- Based on one year of daily returns, the stocks most correlated with PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) are NOCT (0.98), QSPT (0.98) and QDEC (0.97). 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 PQOC?
- Over the past year, the stocks most inversely correlated with PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) are QID (-0.93), SQQQ (-0.93) and SPXS (-0.93). 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 PQOC correlations calculated?
- We compute the correlation of daily returns between PQOC 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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