ReposiTrak, Inc. (TRAK) — Stock Correlations & Overview
Over the past year, TRAK has moved most closely with INVN, XSW, SFLO. Explore the stocks most correlated and inversely correlated with TRAK below, along with its price, financials, and company profile.
Stocks correlated with TRAK
Correlation of daily returns. Higher positive values move with TRAK; negative values move opposite it. Informational only, not investment advice.
Most correlated with TRAK
| Symbol | Company | Correlation |
|---|---|---|
| INVN | Alger Russell Innovation ETF | 0.52 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.51 |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 0.49 |
| WCLD | WisdomTree Cloud Computing Fund | 0.49 |
| ABOT | Abacus FCF Innovation Leaders ETF | 0.49 |
Most inversely correlated with TRAK
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.46 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.41 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.38 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| SKF | ProShares UltraShort Financials | -0.30 |
Frequently asked questions about TRAK correlations
- Which stocks are most correlated with TRAK?
- Based on one year of daily returns, the stocks most correlated with ReposiTrak, Inc. (TRAK) are INVN (0.52), XSW (0.51) and SFLO (0.49). 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 TRAK?
- Over the past year, the stocks most inversely correlated with ReposiTrak, Inc. (TRAK) are HDGE (-0.46), DWSH (-0.41) and WEBS (-0.38). 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 TRAK correlations calculated?
- We compute the correlation of daily returns between TRAK 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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