374Water Inc. Common Stock (SCWO) — Stock Correlations & Overview
Over the past year, SCWO has moved most closely with XBIO, NXL, NKLR. Explore the stocks most correlated and inversely correlated with SCWO below, along with its price, financials, and company profile.
Stocks correlated with SCWO
Correlation of daily returns. Higher positive values move with SCWO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCWO
| Symbol | Company | Correlation |
|---|---|---|
| XBIO | Xenetic Biosciences, Inc.PHARMACEUTICAL PREPARATIONS | 0.41 |
| NXL | Nexalin Technology, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.37 |
| NKLR | Terra Innovatum Global N.V. Ordinary sharesFABRICATED PLATE WORK (BOILER SHOPS) | 0.37 |
| STXS | Stereotaxis, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.34 |
| ACXP | Acurx Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.33 |
Most inversely correlated with SCWO
| Symbol | Company | Correlation |
|---|---|---|
| CENN | Cenntro Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.29 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.26 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.25 |
| BITI | ProShares Short Bitcoin ETF | -0.24 |
Frequently asked questions about SCWO correlations
- Which stocks are most correlated with SCWO?
- Based on one year of daily returns, the stocks most correlated with 374Water Inc. Common Stock (SCWO) are XBIO (0.41), NXL (0.37) and NKLR (0.37). 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 SCWO?
- Over the past year, the stocks most inversely correlated with 374Water Inc. Common Stock (SCWO) are CENN (-0.29), SARK (-0.27) and BTAL (-0.26). 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 SCWO correlations calculated?
- We compute the correlation of daily returns between SCWO 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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