Socket Mobile, Inc. New (SCKT) — Stock Correlations & Overview
Over the past year, SCKT has moved most closely with JWEL, BWMN, VREX. Explore the stocks most correlated and inversely correlated with SCKT below, along with its price, financials, and company profile.
Stocks correlated with SCKT
Correlation of daily returns. Higher positive values move with SCKT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCKT
| Symbol | Company | Correlation |
|---|---|---|
| JWEL | Jowell Global Ltd. Ordinary Shares | 0.71 |
| BWMN | Bowman Consulting Group Ltd. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES | 0.60 |
| VREX | Varex Imaging Corporation Common StockELECTRONIC COMPONENTS, NEC | 0.60 |
| HZO | MarineMax, Inc.RETAIL-AUTO & HOME SUPPLY STORES | 0.52 |
| STKH | Steakholder Foods Ltd. American Depositary Shares | 0.41 |
Most inversely correlated with SCKT
| Symbol | Company | Correlation |
|---|---|---|
| TENX | Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.86 |
| SION | Sionna Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.84 |
| NABL | N-able, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.53 |
| QTRX | Quanterix Corporation Common StockLABORATORY ANALYTICAL INSTRUMENTS | -0.49 |
| VATE | INNOVATE Corp.FABRICATED STRUCTURAL METAL PRODUCTS | -0.45 |
Frequently asked questions about SCKT correlations
- Which stocks are most correlated with SCKT?
- Based on one year of daily returns, the stocks most correlated with Socket Mobile, Inc. New (SCKT) are JWEL (0.71), BWMN (0.60) and VREX (0.60). 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 SCKT?
- Over the past year, the stocks most inversely correlated with Socket Mobile, Inc. New (SCKT) are TENX (-0.86), SION (-0.84) and NABL (-0.53). 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 SCKT correlations calculated?
- We compute the correlation of daily returns between SCKT 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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