Velocity Financial, Inc. (VEL) — Stock Correlations & Overview
Over the past year, VEL has moved most closely with KBWD, HYIN, XSLV. Explore the stocks most correlated and inversely correlated with VEL below, along with its price, financials, and company profile.
Stocks correlated with VEL
Correlation of daily returns. Higher positive values move with VEL; negative values move opposite it. Informational only, not investment advice.
Most correlated with VEL
| Symbol | Company | Correlation |
|---|---|---|
| KBWD | Invesco KBW High Dividend Yield Financial ETFINVESTMENT ADVICE | 0.45 |
| HYIN | WisdomTree Private Credit and Alternative Income Fund | 0.44 |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 0.42 |
| ATLO | AMES National CorpNATIONAL COMMERCIAL BANKS | 0.42 |
| TSBK | Timberland Bancorp IncSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED | 0.41 |
Most inversely correlated with VEL
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.33 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.29 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.29 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
Frequently asked questions about VEL correlations
- Which stocks are most correlated with VEL?
- Based on one year of daily returns, the stocks most correlated with Velocity Financial, Inc. (VEL) are KBWD (0.45), HYIN (0.44) and XSLV (0.42). 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 VEL?
- Over the past year, the stocks most inversely correlated with Velocity Financial, Inc. (VEL) are SKRE (-0.33), HDGE (-0.29) and BNO (-0.29). 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 VEL correlations calculated?
- We compute the correlation of daily returns between VEL 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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