Tradr 2X Long TEM Daily ETF (TEMT) — Stock Correlations & Overview
Over the past year, TEMT has moved most closely with TEM, ARKG, TARK. Explore the stocks most correlated and inversely correlated with TEMT below, along with its price, financials, and company profile.
Stocks correlated with TEMT
Correlation of daily returns. Higher positive values move with TEMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with TEMT
| Symbol | Company | Correlation |
|---|---|---|
| TEM | Tempus AI, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.98 |
| ARKG | ARK Genomic Revolution ETF | 0.78 |
| TARK | Investment Managers Series Trust II Tradr 2X Long Innovation ETF | 0.73 |
| ARKT | ARK DIET Q4 Buffer ETF | 0.71 |
| ARKK | ARK Innovation ETF | 0.71 |
Most inversely correlated with TEMT
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.70 |
| TWM | ProShares UltraShort Russell2000 | -0.50 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.50 |
| RWM | ProShares Short Russell2000 | -0.50 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
Frequently asked questions about TEMT correlations
- Which stocks are most correlated with TEMT?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long TEM Daily ETF (TEMT) are TEM (0.98), ARKG (0.78) and TARK (0.73). 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 TEMT?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long TEM Daily ETF (TEMT) are SARK (-0.70), TWM (-0.50) and SRTY (-0.50). 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 TEMT correlations calculated?
- We compute the correlation of daily returns between TEMT 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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