Safe Pro Group Inc. Common Stock (SPAI) — Stock Correlations & Overview
Over the past year, SPAI has moved most closely with RCAT, UMAC, JEDI. Explore the stocks most correlated and inversely correlated with SPAI below, along with its price, financials, and company profile.
Stocks correlated with SPAI
Correlation of daily returns. Higher positive values move with SPAI; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPAI
| Symbol | Company | Correlation |
|---|---|---|
| RCAT | Red Cat Holdings, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.51 |
| UMAC | Unusual Machines, Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.50 |
| JEDI | Defiance Drone and Modern Warfare ETF | 0.49 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 0.46 |
| MEME | Roundhill Meme Stock ETF | 0.46 |
Most inversely correlated with SPAI
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.42 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.40 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.39 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.38 |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.34 |
Frequently asked questions about SPAI correlations
- Which stocks are most correlated with SPAI?
- Based on one year of daily returns, the stocks most correlated with Safe Pro Group Inc. Common Stock (SPAI) are RCAT (0.51), UMAC (0.50) and JEDI (0.49). 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 SPAI?
- Over the past year, the stocks most inversely correlated with Safe Pro Group Inc. Common Stock (SPAI) are RGTZ (-0.42), QBTZ (-0.40) and SARK (-0.39). 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 SPAI correlations calculated?
- We compute the correlation of daily returns between SPAI 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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