Which stocks are most correlated with VEEA?

Based on one year of daily returns, the stocks most correlated with Veea Inc. Common Stock (VEEA) are UFO (0.39), XTL (0.38) and FYC (0.36). 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 VEEA?

Over the past year, the stocks most inversely correlated with Veea Inc. Common Stock (VEEA) are TWM (-0.34), SRTY (-0.34) and TZA (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Veea Inc. Common Stock (VEEA) — Stock Correlations & Overview

Over the past year, VEEA has moved most closely with UFO, XTL, FYC. Explore the stocks most correlated and inversely correlated with VEEA below, along with its price, financials, and company profile.

Stocks correlated with VEEA

Correlation of daily returns. Higher positive values move with VEEA; negative values move opposite it. Informational only, not investment advice.

Most correlated with VEEA

Symbol	Company	Correlation
UFO	Procure Space ETF	0.39
XTL	State Street SPDR S&P Telecom ETF	0.38
FYC	First Trust Small Cap Growth AlphaDEX Fund	0.36
FMKT	The Free Markets ETF	0.36
IWC	iShares Micro-Cap ETF	0.36

Most inversely correlated with VEEA

Symbol	Company	Correlation
TWM	ProShares UltraShort Russell2000	-0.34
SRTY	ProShares UltraPro Short Russell2000	-0.34
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.34
RWM	ProShares Short Russell2000	-0.34
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.33

Frequently asked questions about VEEA correlations

Which stocks are most correlated with VEEA?: Based on one year of daily returns, the stocks most correlated with Veea Inc. Common Stock (VEEA) are UFO (0.39), XTL (0.38) and FYC (0.36). 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 VEEA?: Over the past year, the stocks most inversely correlated with Veea Inc. Common Stock (VEEA) are TWM (-0.34), SRTY (-0.34) and TZA (-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 VEEA correlations calculated?: We compute the correlation of daily returns between VEEA 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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