Unusual Machines, Inc. (UMAC) — Stock Correlations & Overview
Over the past year, UMAC has moved most closely with JEDI, RCAT, ARKX. Explore the stocks most correlated and inversely correlated with UMAC below, along with its price, financials, and company profile.
Stocks correlated with UMAC
Correlation of daily returns. Higher positive values move with UMAC; negative values move opposite it. Informational only, not investment advice.
Most correlated with UMAC
| Symbol | Company | Correlation |
|---|---|---|
| JEDI | Defiance Drone and Modern Warfare ETF | 0.75 |
| RCAT | Red Cat Holdings, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.73 |
| ARKX | ARK Space & Defense Innovation ETF | 0.68 |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.66 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.66 |
Most inversely correlated with UMAC
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.56 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.54 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.53 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.51 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.47 |
Frequently asked questions about UMAC correlations
- Which stocks are most correlated with UMAC?
- Based on one year of daily returns, the stocks most correlated with Unusual Machines, Inc. (UMAC) are JEDI (0.75), RCAT (0.73) and ARKX (0.68). 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 UMAC?
- Over the past year, the stocks most inversely correlated with Unusual Machines, Inc. (UMAC) are RGTZ (-0.56), QBTZ (-0.54) and SARK (-0.53). 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 UMAC correlations calculated?
- We compute the correlation of daily returns between UMAC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.