Rackspace Technology, Inc. Common Stock (RXT) — Stock Correlations & Overview
Over the past year, RXT has moved most closely with MSGS, CDIO, APRE. Explore the stocks most correlated and inversely correlated with RXT below, along with its price, financials, and company profile.
Stocks correlated with RXT
Correlation of daily returns. Higher positive values move with RXT; negative values move opposite it. Informational only, not investment advice.
Most correlated with RXT
| Symbol | Company | Correlation |
|---|---|---|
| MSGS | Madison Square Garden Sports Corp.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | 0.33 |
| CDIO | Cardio Diagnostics Holdings Inc. Common stockIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES | 0.32 |
| APRE | Aprea Therapeutics, Inc. Common stockPHARMACEUTICAL PREPARATIONS | 0.29 |
| CZR | Caesars Entertainment, Inc. Common StockHOTELS & MOTELS | 0.28 |
| SABR | Sabre CorporationSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.28 |
Most inversely correlated with RXT
| Symbol | Company | Correlation |
|---|---|---|
| NLOP | Net Lease Office PropertiesREAL ESTATE INVESTMENT TRUSTS | -0.39 |
| NAK | Northern Dynasty Minerals, Ltd. | -0.28 |
| GTY | Getty Realty Corp.REAL ESTATE | -0.24 |
| ERII | Energy Recovery, Inc.SPECIAL INDUSTRY MACHINERY, NEC | -0.21 |
| ITIC | Investors Title CoTITLE INSURANCE | -0.21 |
Frequently asked questions about RXT correlations
- Which stocks are most correlated with RXT?
- Based on one year of daily returns, the stocks most correlated with Rackspace Technology, Inc. Common Stock (RXT) are MSGS (0.33), CDIO (0.32) and APRE (0.29). 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 RXT?
- Over the past year, the stocks most inversely correlated with Rackspace Technology, Inc. Common Stock (RXT) are NLOP (-0.39), NAK (-0.28) and GTY (-0.24). 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 RXT correlations calculated?
- We compute the correlation of daily returns between RXT 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.