Roadzen, Inc. Ordinary Shares (RDZN) — Stock Correlations & Overview
Over the past year, RDZN has moved most closely with RUM, VUZI, QQQS. Explore the stocks most correlated and inversely correlated with RDZN below, along with its price, financials, and company profile.
Stocks correlated with RDZN
Correlation of daily returns. Higher positive values move with RDZN; negative values move opposite it. Informational only, not investment advice.
Most correlated with RDZN
| Symbol | Company | Correlation |
|---|---|---|
| RUM | RUM Group Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.32 |
| VUZI | Vuzix CorporationRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.30 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.30 |
| QBTS | D-Wave Quantum Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.29 |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 0.29 |
Most inversely correlated with RDZN
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.29 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.26 |
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.25 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.25 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.25 |
Frequently asked questions about RDZN correlations
- Which stocks are most correlated with RDZN?
- Based on one year of daily returns, the stocks most correlated with Roadzen, Inc. Ordinary Shares (RDZN) are RUM (0.32), VUZI (0.30) and QQQS (0.30). 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 RDZN?
- Over the past year, the stocks most inversely correlated with Roadzen, Inc. Ordinary Shares (RDZN) are QBTZ (-0.29), RGTZ (-0.26) and GGLS (-0.25). 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 RDZN correlations calculated?
- We compute the correlation of daily returns between RDZN 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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