Strategas Macro Momentum ETF (SAMM) — Stock Correlations & Overview
Over the past year, SAMM has moved most closely with FTC, HIBL, FAD. Explore the stocks most correlated and inversely correlated with SAMM below, along with its price, financials, and company profile.
Stocks correlated with SAMM
Correlation of daily returns. Higher positive values move with SAMM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SAMM
| Symbol | Company | Correlation |
|---|---|---|
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.89 |
| HIBL | Direxion Daily S&P 500 High Beta Bull 3X ETF | 0.88 |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.88 |
| VFMO | Vanguard U.S. Momentum Factor ETF | 0.88 |
| SPHB | Invesco S&P 500 High Beta ETFINVESTMENT ADVICE | 0.88 |
Frequently asked questions about SAMM correlations
- Which stocks are most correlated with SAMM?
- Based on one year of daily returns, the stocks most correlated with Strategas Macro Momentum ETF (SAMM) are FTC (0.89), HIBL (0.88) and FAD (0.88). 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 SAMM?
- Over the past year, the stocks most inversely correlated with Strategas Macro Momentum ETF (SAMM) are HIBS (-0.88), BTAL (-0.81) and TZA (-0.80). 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 SAMM correlations calculated?
- We compute the correlation of daily returns between SAMM 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.