Kartoon Studios, Inc. (TOON) — Stock Correlations & Overview
Over the past year, TOON has moved most closely with ASCE, SPFF, GELS. Explore the stocks most correlated and inversely correlated with TOON below, along with its price, financials, and company profile.
Stocks correlated with TOON
Correlation of daily returns. Higher positive values move with TOON; negative values move opposite it. Informational only, not investment advice.
Most correlated with TOON
| Symbol | Company | Correlation |
|---|---|---|
| ASCE | Allspring SMID Core ETF | 0.33 |
| SPFF | Global X SuperIncome Preferred ETF | 0.32 |
| GELS | Gelteq Limited Ordinary Shares | 0.32 |
| PFI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Financial Momentum ETF | 0.31 |
| CLCV | Crossmark Large Cap Value ETF | 0.31 |
Most inversely correlated with TOON
| Symbol | Company | Correlation |
|---|---|---|
| SKF | ProShares UltraShort Financials | -0.29 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.28 |
| SEF | ProShares Short Financials | -0.28 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.27 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.27 |
Frequently asked questions about TOON correlations
- Which stocks are most correlated with TOON?
- Based on one year of daily returns, the stocks most correlated with Kartoon Studios, Inc. (TOON) are ASCE (0.33), SPFF (0.32) and GELS (0.32). 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 TOON?
- Over the past year, the stocks most inversely correlated with Kartoon Studios, Inc. (TOON) are SKF (-0.29), FAZ (-0.28) and SEF (-0.28). 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 TOON correlations calculated?
- We compute the correlation of daily returns between TOON 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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