INNOVATE Corp. (VATE) — Stock Correlations & Overview
Over the past year, VATE has moved most closely with SION, TENX, MB. Explore the stocks most correlated and inversely correlated with VATE below, along with its price, financials, and company profile.
Stocks correlated with VATE
Correlation of daily returns. Higher positive values move with VATE; negative values move opposite it. Informational only, not investment advice.
Most correlated with VATE
| Symbol | Company | Correlation |
|---|---|---|
| SION | Sionna Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.49 |
| TENX | Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | 0.46 |
| MB | MasterBeef Group Ordinary Shares | 0.43 |
| YJ | Yunji Inc. American Depository Shares | 0.37 |
| WWR | Westwater Resources, Inc.METAL MINING | 0.34 |
Most inversely correlated with VATE
| Symbol | Company | Correlation |
|---|---|---|
| SCKT | Socket Mobile, Inc. NewELECTRONIC COMPUTERS | -0.45 |
| JWEL | Jowell Global Ltd. Ordinary Shares | -0.36 |
| STKH | Steakholder Foods Ltd. American Depositary Shares | -0.34 |
| CVRX | CVRx, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.31 |
| FNRN | First Northern Community Bancorp Common stockSAVINGS INSTITUTION, FEDERALLY CHARTERED | -0.30 |
Frequently asked questions about VATE correlations
- Which stocks are most correlated with VATE?
- Based on one year of daily returns, the stocks most correlated with INNOVATE Corp. (VATE) are SION (0.49), TENX (0.46) and MB (0.43). 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 VATE?
- Over the past year, the stocks most inversely correlated with INNOVATE Corp. (VATE) are SCKT (-0.45), JWEL (-0.36) and STKH (-0.34). 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 VATE correlations calculated?
- We compute the correlation of daily returns between VATE 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.