Soluna Holdings, Inc. Common Stock (SLNH) — Stock Correlations & Overview
Over the past year, SLNH has moved most closely with MEME, WGMI, BKCH. Explore the stocks most correlated and inversely correlated with SLNH below, along with its price, financials, and company profile.
Stocks correlated with SLNH
Correlation of daily returns. Higher positive values move with SLNH; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLNH
| Symbol | Company | Correlation |
|---|---|---|
| MEME | Roundhill Meme Stock ETF | 0.53 |
| WGMI | CoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF | 0.52 |
| BKCH | Global X Blockchain ETF | 0.52 |
| APLX | Tradr 2X Long APLD Daily ETF | 0.52 |
| MNRS | Grayscale Bitcoin Miners ETF | 0.52 |
Most inversely correlated with SLNH
| Symbol | Company | Correlation |
|---|---|---|
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.44 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.39 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.38 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.37 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.37 |
Frequently asked questions about SLNH correlations
- Which stocks are most correlated with SLNH?
- Based on one year of daily returns, the stocks most correlated with Soluna Holdings, Inc. Common Stock (SLNH) are MEME (0.53), WGMI (0.52) and BKCH (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 SLNH?
- Over the past year, the stocks most inversely correlated with Soluna Holdings, Inc. Common Stock (SLNH) are CORD (-0.44), RGTZ (-0.39) and SARK (-0.38). 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 SLNH correlations calculated?
- We compute the correlation of daily returns between SLNH 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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