Sharplink, Inc. Common Stock (SBET) — Stock Correlations & Overview
Over the past year, SBET has moved most closely with BMNU, BMNR, ETHA. Explore the stocks most correlated and inversely correlated with SBET below, along with its price, financials, and company profile.
Stocks correlated with SBET
Correlation of daily returns. Higher positive values move with SBET; negative values move opposite it. Informational only, not investment advice.
Most correlated with SBET
| Symbol | Company | Correlation |
|---|---|---|
| BMNU | T-REX 2X Long BMNR Daily Target ETF | 0.90 |
| BMNR | BitMine Immersion Technologies, Inc.FINANCE SERVICES | 0.89 |
| ETHA | iShares Ethereum Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.87 |
| ETHW | Bitwise Ethereum ETFFINANCE SERVICES | 0.87 |
| ETH | Grayscale Ethereum Staking Mini ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 0.87 |
Frequently asked questions about SBET correlations
- Which stocks are most correlated with SBET?
- Based on one year of daily returns, the stocks most correlated with Sharplink, Inc. Common Stock (SBET) are BMNU (0.90), BMNR (0.89) and ETHA (0.87). 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 SBET?
- Over the past year, the stocks most inversely correlated with Sharplink, Inc. Common Stock (SBET) are SETH (-0.87), ETHD (-0.87) and BTCZ (-0.83). 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 SBET correlations calculated?
- We compute the correlation of daily returns between SBET 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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