Transact Technologies Inc (TACT) — Stock Correlations & Overview
Over the past year, TACT has moved most closely with RNXT, BBLG, AIP. Explore the stocks most correlated and inversely correlated with TACT below, along with its price, financials, and company profile.
Stocks correlated with TACT
Correlation of daily returns. Higher positive values move with TACT; negative values move opposite it. Informational only, not investment advice.
Most correlated with TACT
| Symbol | Company | Correlation |
|---|---|---|
| RNXT | RenovoRx, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.23 |
| BBLG | Bone Biologics Corp Common StockORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | 0.23 |
| AIP | Arteris, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 0.23 |
| GP | GreenPower Motor Company Inc. Common Shares | 0.23 |
| ZAPR | Innovator Equity Defined Protection ETF - 1 Yr April | 0.23 |
Most inversely correlated with TACT
| Symbol | Company | Correlation |
|---|---|---|
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.20 |
| UNCY | Unicycive Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.20 |
| RMTI | Rockwell Medical, Inc. (DE) Common StockPHARMACEUTICAL PREPARATIONS | -0.20 |
| STNG | Scorpio Tankers Inc. | -0.19 |
| GASS | StealthGas, Inc. | -0.19 |
Frequently asked questions about TACT correlations
- Which stocks are most correlated with TACT?
- Based on one year of daily returns, the stocks most correlated with Transact Technologies Inc (TACT) are RNXT (0.23), BBLG (0.23) and AIP (0.23). 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 TACT?
- Over the past year, the stocks most inversely correlated with Transact Technologies Inc (TACT) are FNGD (-0.20), UNCY (-0.20) and RMTI (-0.20). 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 TACT correlations calculated?
- We compute the correlation of daily returns between TACT 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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