Redwire Corporation (RDW) — Stock Correlations & Overview
Over the past year, RDW has moved most closely with JEDI, UFO, ROKT. Explore the stocks most correlated and inversely correlated with RDW below, along with its price, financials, and company profile.
Stocks correlated with RDW
Correlation of daily returns. Higher positive values move with RDW; negative values move opposite it. Informational only, not investment advice.
Most correlated with RDW
| Symbol | Company | Correlation |
|---|---|---|
| JEDI | Defiance Drone and Modern Warfare ETF | 0.78 |
| UFO | Procure Space ETF | 0.77 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.75 |
| ARKX | ARK Space & Defense Innovation ETF | 0.72 |
| RKLB | Rocket Lab Corporation Common StockGUIDED MISSILES & SPACE VEHICLES & PARTS | 0.72 |
Most inversely correlated with RDW
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.52 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.52 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.52 |
| TWM | ProShares UltraShort Russell2000 | -0.50 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.50 |
Frequently asked questions about RDW correlations
- Which stocks are most correlated with RDW?
- Based on one year of daily returns, the stocks most correlated with Redwire Corporation (RDW) are JEDI (0.78), UFO (0.77) and ROKT (0.75). 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 RDW?
- Over the past year, the stocks most inversely correlated with Redwire Corporation (RDW) are SARK (-0.52), RGTZ (-0.52) and IONZ (-0.52). 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 RDW correlations calculated?
- We compute the correlation of daily returns between RDW 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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