Singularity Future Technology Ltd. Common Stock (SGLY) — Stock Correlations & Overview
Over the past year, SGLY has moved most closely with SCKT, KTCC, PDSB. Explore the stocks most correlated and inversely correlated with SGLY below, along with its price, financials, and company profile.
Stocks correlated with SGLY
Correlation of daily returns. Higher positive values move with SGLY; negative values move opposite it. Informational only, not investment advice.
Most correlated with SGLY
| Symbol | Company | Correlation |
|---|---|---|
| SCKT | Socket Mobile, Inc. NewELECTRONIC COMPUTERS | 0.29 |
| KTCC | KEY Tronic CorpPRINTED CIRCUIT BOARDS | 0.25 |
| PDSB | PDS Biotechnology Corporation Common StockPHARMACEUTICAL PREPARATIONS | 0.25 |
| OPBK | OP Bancorp Common StockSTATE COMMERCIAL BANKS | 0.23 |
| BTAI | BioXcel Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.23 |
Most inversely correlated with SGLY
| Symbol | Company | Correlation |
|---|---|---|
| PLAG | Planet Green Holdings Corp.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | -0.21 |
| LTRYW | Sports Entertainment Gaming Global Corporation WarrantsSERVICES-PREPACKAGED SOFTWARE | -0.21 |
| TMQ | Trilogy Metals IncGOLD AND SILVER ORES | -0.20 |
| TENX | Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.20 |
| TISI | Team, Inc.SERVICES-MISCELLANEOUS REPAIR SERVICES | -0.18 |
Frequently asked questions about SGLY correlations
- Which stocks are most correlated with SGLY?
- Based on one year of daily returns, the stocks most correlated with Singularity Future Technology Ltd. Common Stock (SGLY) are SCKT (0.29), KTCC (0.25) and PDSB (0.25). 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 SGLY?
- Over the past year, the stocks most inversely correlated with Singularity Future Technology Ltd. Common Stock (SGLY) are PLAG (-0.21), LTRYW (-0.21) and TMQ (-0.20). 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 SGLY correlations calculated?
- We compute the correlation of daily returns between SGLY 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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