Taoping Inc. BVI Ordinary Shares (0 par) (TAOP) — Stock Correlations & Overview
Over the past year, TAOP has moved most closely with BTAI, CELU, GLGG. Explore the stocks most correlated and inversely correlated with TAOP below, along with its price, financials, and company profile.
Stocks correlated with TAOP
Correlation of daily returns. Higher positive values move with TAOP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TAOP
| Symbol | Company | Correlation |
|---|---|---|
| BTAI | BioXcel Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| CELU | Celularity Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| GLGG | Leverage Shares 2X Long GLXY Daily ETF | 0.27 |
| GLXU | T-REX 2X Long GLXY Daily Target ETF | 0.27 |
| GLXY | Galaxy Digital Inc. Class A Common StockSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.27 |
Most inversely correlated with TAOP
| Symbol | Company | Correlation |
|---|---|---|
| JCTC | Jewett-Cameron TradingRETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | -0.21 |
| BITI | ProShares Short Bitcoin ETF | -0.21 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.21 |
| JANX | Janux Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.20 |
| TENpE | Tsakos Energy Navigation Limited Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 | -0.20 |
Frequently asked questions about TAOP correlations
- Which stocks are most correlated with TAOP?
- Based on one year of daily returns, the stocks most correlated with Taoping Inc. BVI Ordinary Shares (0 par) (TAOP) are BTAI (0.28), CELU (0.27) and GLGG (0.27). 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 TAOP?
- Over the past year, the stocks most inversely correlated with Taoping Inc. BVI Ordinary Shares (0 par) (TAOP) are JCTC (-0.21), BITI (-0.21) and SBIT (-0.21). 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 TAOP correlations calculated?
- We compute the correlation of daily returns between TAOP 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.