Satellogic Inc. Warrant (SATLW) — Stock Correlations & Overview
Over the past year, SATLW has moved most closely with SATL, UFO, BKSY. Explore the stocks most correlated and inversely correlated with SATLW below, along with its price, financials, and company profile.
Stocks correlated with SATLW
Correlation of daily returns. Higher positive values move with SATLW; negative values move opposite it. Informational only, not investment advice.
Most correlated with SATLW
| Symbol | Company | Correlation |
|---|---|---|
| SATL | Satellogic Inc. Class A Ordinary SharesRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.77 |
| UFO | Procure Space ETF | 0.54 |
| BKSY | BlackSky Technology Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.52 |
| VOYG | Voyager Technologies, Inc.GUIDED MISSILES & SPACE VEHICLES & PARTS | 0.52 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.51 |
Most inversely correlated with SATLW
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.32 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.32 |
| TWM | ProShares UltraShort Russell2000 | -0.31 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.31 |
| RWM | ProShares Short Russell2000 | -0.31 |
Frequently asked questions about SATLW correlations
- Which stocks are most correlated with SATLW?
- Based on one year of daily returns, the stocks most correlated with Satellogic Inc. Warrant (SATLW) are SATL (0.77), UFO (0.54) and BKSY (0.52). 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 SATLW?
- Over the past year, the stocks most inversely correlated with Satellogic Inc. Warrant (SATLW) are SARK (-0.32), TZA (-0.32) and TWM (-0.31). 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 SATLW correlations calculated?
- We compute the correlation of daily returns between SATLW 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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