Which stocks are most correlated with SOTK?

Based on one year of daily returns, the stocks most correlated with Sono-Tek Corporation Common Stock (SOTK) are HUMN (0.33), MINV (0.33) and CARZ (0.32). 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 SOTK?

Over the past year, the stocks most inversely correlated with Sono-Tek Corporation Common Stock (SOTK) are EEV (-0.29), EDZ (-0.28) and EUM (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Sono-Tek Corporation Common Stock (SOTK) — Stock Correlations & Overview

Over the past year, SOTK has moved most closely with HUMN, MINV, CARZ. Explore the stocks most correlated and inversely correlated with SOTK below, along with its price, financials, and company profile.

Stocks correlated with SOTK

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

Most correlated with SOTK

Symbol	Company	Correlation
HUMN	Roundhill Humanoid Robotics ETF	0.33
MINV	Matthews Asia Innovators Active ETF	0.33
CARZ	First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF	0.32
CEVA	CEVA Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	0.32
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.32

Most inversely correlated with SOTK

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.29
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.28
EUM	ProShares Trust Short MSCI Emerging Markets	-0.28
TSMZ	Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF	-0.28
REW	Proshares UltraShort Technology	-0.27

Frequently asked questions about SOTK correlations

Which stocks are most correlated with SOTK?: Based on one year of daily returns, the stocks most correlated with Sono-Tek Corporation Common Stock (SOTK) are HUMN (0.33), MINV (0.33) and CARZ (0.32). 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 SOTK?: Over the past year, the stocks most inversely correlated with Sono-Tek Corporation Common Stock (SOTK) are EEV (-0.29), EDZ (-0.28) and EUM (-0.28). 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 SOTK correlations calculated?: We compute the correlation of daily returns between SOTK 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.