Which stocks are most correlated with SMX?

Based on one year of daily returns, the stocks most correlated with SMX (Security Matters) Public Limited Company Ordinary Shares (SMX) are SMXWW (0.57), VRCA (0.36) and TGL (0.36). 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 SMX?

Over the past year, the stocks most inversely correlated with SMX (Security Matters) Public Limited Company Ordinary Shares (SMX) are VIXM (-0.24), SLTY (-0.24) and VXZ (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

SMX (Security Matters) Public Limited Company Ordinary Shares (SMX) — Stock Correlations & Overview

Over the past year, SMX has moved most closely with SMXWW, VRCA, TGL. Explore the stocks most correlated and inversely correlated with SMX below, along with its price, financials, and company profile.

Stocks correlated with SMX

Correlation of daily returns. Higher positive values move with SMX; negative values move opposite it. Informational only, not investment advice.

Most correlated with SMX

Symbol	Company	Correlation
SMXWW	SMX (Security Matters) Public Limited Company Warrant	0.57
VRCA	Verrica Pharmaceuticals Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.36
TGL	Treasure Global Inc. Common StockSERVICES-BUSINESS SERVICES, NEC	0.36
CORT	Corcept Therapeutics Inc.PHARMACEUTICAL PREPARATIONS	0.35
DG	Dollar General Corp.RETAIL-VARIETY STORES	0.34

Most inversely correlated with SMX

Symbol	Company	Correlation
VIXM	ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.24
SLTY	YieldMax Ultra Short Option Income Strategy ETF	-0.24
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.23
TWM	ProShares UltraShort Russell2000	-0.23
SRTY	ProShares UltraPro Short Russell2000	-0.23

Frequently asked questions about SMX correlations

Which stocks are most correlated with SMX?: Based on one year of daily returns, the stocks most correlated with SMX (Security Matters) Public Limited Company Ordinary Shares (SMX) are SMXWW (0.57), VRCA (0.36) and TGL (0.36). 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 SMX?: Over the past year, the stocks most inversely correlated with SMX (Security Matters) Public Limited Company Ordinary Shares (SMX) are VIXM (-0.24), SLTY (-0.24) and VXZ (-0.23). 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 SMX correlations calculated?: We compute the correlation of daily returns between SMX 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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