NuScale Power Corporation (SMR) — Stock Correlations & Overview
Over the past year, SMR has moved most closely with SMU, SMUP, OKLO. Explore the stocks most correlated and inversely correlated with SMR below, along with its price, financials, and company profile.
Stocks correlated with SMR
Correlation of daily returns. Higher positive values move with SMR; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMR
| Symbol | Company | Correlation |
|---|---|---|
| SMU | Tradr 2X Long SMR Daily ETF | 1.00 |
| SMUP | T-REX 2X Long SMR Daily Target ETF | 0.99 |
| OKLO | Oklo Inc.ELECTRIC SERVICES | 0.82 |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | 0.82 |
| NLR | VanEck Uranium and Nuclear ETF | 0.80 |
Most inversely correlated with SMR
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.69 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.68 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.68 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.62 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.61 |
Frequently asked questions about SMR correlations
- Which stocks are most correlated with SMR?
- Based on one year of daily returns, the stocks most correlated with NuScale Power Corporation (SMR) are SMU (1.00), SMUP (0.99) and OKLO (0.82). 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 SMR?
- Over the past year, the stocks most inversely correlated with NuScale Power Corporation (SMR) are RGTZ (-0.69), SARK (-0.68) and QBTZ (-0.68). 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 SMR correlations calculated?
- We compute the correlation of daily returns between SMR 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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