TON Strategy Company Common Stock (TONX) — Stock Correlations & Overview
Over the past year, TONX has moved most closely with BMNU, BCOR, SATO. Explore the stocks most correlated and inversely correlated with TONX below, along with its price, financials, and company profile.
Stocks correlated with TONX
Correlation of daily returns. Higher positive values move with TONX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TONX
| Symbol | Company | Correlation |
|---|---|---|
| BMNU | T-REX 2X Long BMNR Daily Target ETF | 0.54 |
| BCOR | Grayscale Bitcoin Adopters ETFFINANCE SERVICES | 0.53 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETFINVESTMENT ADVICE | 0.52 |
| DIME | CoinShares ETF Trust CoinShares Altcoins ETF | 0.52 |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 0.51 |
Frequently asked questions about TONX correlations
- Which stocks are most correlated with TONX?
- Based on one year of daily returns, the stocks most correlated with TON Strategy Company Common Stock (TONX) are BMNU (0.54), BCOR (0.53) and SATO (0.52). 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 TONX?
- Over the past year, the stocks most inversely correlated with TON Strategy Company Common Stock (TONX) are BITI (-0.49), SBIT (-0.49) and BTCZ (-0.49). 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 TONX correlations calculated?
- We compute the correlation of daily returns between TONX 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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