T-REX 2X Long Tesla Daily Target ETF (TSLT) — Stock Correlations & Overview
Over the past year, TSLT has moved most closely with TSLR, TSL, TSLL. Explore the stocks most correlated and inversely correlated with TSLT below, along with its price, financials, and company profile.
Stocks correlated with TSLT
Correlation of daily returns. Higher positive values move with TSLT; negative values move opposite it. Informational only, not investment advice.
Most correlated with TSLT
| Symbol | Company | Correlation |
|---|---|---|
| TSLR | GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF | 1.00 |
| TSL | GraniteShares 1.25x Long TSLA Daily ETF | 1.00 |
| TSLL | Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | 1.00 |
| TSLA | Tesla, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | 1.00 |
| TSLG | Leverage Shares 2X Long TSLA Daily ETF | 1.00 |
Most inversely correlated with TSLT
| Symbol | Company | Correlation |
|---|---|---|
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | -0.99 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.99 |
| TSDD | GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF | -0.99 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | -0.99 |
| CRSH | YieldMax Short TSLA Option Income Strategy ETF | -0.94 |
Frequently asked questions about TSLT correlations
- Which stocks are most correlated with TSLT?
- Based on one year of daily returns, the stocks most correlated with T-REX 2X Long Tesla Daily Target ETF (TSLT) are TSLR (1.00), TSL (1.00) and TSLL (1.00). 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 TSLT?
- Over the past year, the stocks most inversely correlated with T-REX 2X Long Tesla Daily Target ETF (TSLT) are TSLS (-0.99), TSLZ (-0.99) and TSDD (-0.99). 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 TSLT correlations calculated?
- We compute the correlation of daily returns between TSLT 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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