SciSparc Ltd. Ordinary Shares (SPRC) — Stock Correlations & Overview
Over the past year, SPRC has moved most closely with SNOY, SNOW, NCRA. Explore the stocks most correlated and inversely correlated with SPRC below, along with its price, financials, and company profile.
Stocks correlated with SPRC
Correlation of daily returns. Higher positive values move with SPRC; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPRC
| Symbol | Company | Correlation |
|---|---|---|
| SNOY | YieldMax SNOW Option Income Strategy ETF | 0.33 |
| SNOW | Snowflake Inc.SERVICES-PREPACKAGED SOFTWARE | 0.32 |
| NCRA | Nocera, Inc. Common Stock | 0.30 |
| SNOU | T-REX 2X Long SNOW Daily Target ETF | 0.30 |
| XNET | Xunlei Limited | 0.29 |
Most inversely correlated with SPRC
| Symbol | Company | Correlation |
|---|---|---|
| CURX | Curanex Pharmaceuticals Inc Common StockPHARMACEUTICAL PREPARATIONS | -0.44 |
| BAMU | Brookstone Ultra-Short Bond ETF | -0.25 |
| PLAB | Photronics IncSEMICONDUCTORS & RELATED DEVICES | -0.23 |
| MANU | MANCHESTER UNITED PLC | -0.22 |
| BOXL | Boxlight Corporation Class A Common StockSERVICES-EDUCATIONAL SERVICES | -0.20 |
Frequently asked questions about SPRC correlations
- Which stocks are most correlated with SPRC?
- Based on one year of daily returns, the stocks most correlated with SciSparc Ltd. Ordinary Shares (SPRC) are SNOY (0.33), SNOW (0.32) and NCRA (0.30). 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 SPRC?
- Over the past year, the stocks most inversely correlated with SciSparc Ltd. Ordinary Shares (SPRC) are CURX (-0.44), BAMU (-0.25) and PLAB (-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 SPRC correlations calculated?
- We compute the correlation of daily returns between SPRC 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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