Strategas Macro Thematic Opportunities ETF (SAMT) — Stock Correlations & Overview
Over the past year, SAMT has moved most closely with FAD, VFMO, CBSE. Explore the stocks most correlated and inversely correlated with SAMT below, along with its price, financials, and company profile.
Stocks correlated with SAMT
Correlation of daily returns. Higher positive values move with SAMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SAMT
| Symbol | Company | Correlation |
|---|---|---|
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 0.84 |
| VFMO | Vanguard U.S. Momentum Factor ETF | 0.83 |
| CBSE | Clough Select Equity ETF | 0.83 |
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.83 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.83 |
Frequently asked questions about SAMT correlations
- Which stocks are most correlated with SAMT?
- Based on one year of daily returns, the stocks most correlated with Strategas Macro Thematic Opportunities ETF (SAMT) are FAD (0.84), VFMO (0.83) and CBSE (0.83). 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 SAMT?
- Over the past year, the stocks most inversely correlated with Strategas Macro Thematic Opportunities ETF (SAMT) are TZA (-0.77), TWM (-0.77) and SRTY (-0.77). 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 SAMT correlations calculated?
- We compute the correlation of daily returns between SAMT 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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