Which stocks are most correlated with VELO?

Based on one year of daily returns, the stocks most correlated with Velo3D, Inc. Common stock (VELO) are UFO (0.54), ROKT (0.53) and ASTS (0.52). 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 VELO?

Over the past year, the stocks most inversely correlated with Velo3D, Inc. Common stock (VELO) are TZA (-0.43), TWM (-0.43) and SRTY (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

Velo3D, Inc. Common stock (VELO) — Stock Correlations & Overview

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

Stocks correlated with VELO

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

Most correlated with VELO

Symbol	Company	Correlation
UFO	Procure Space ETF	0.54
ROKT	State Street SPDR S&P Kensho Final Frontiers ETF	0.53
ASTS	AST SpaceMobile, Inc. Class A Common StockCOMMUNICATIONS SERVICES, NEC	0.52
ASTX	Tradr 2X Long ASTS Daily ETF	0.52
VOYG	Voyager Technologies, Inc.GUIDED MISSILES & SPACE VEHICLES & PARTS	0.52

Most inversely correlated with VELO

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.43
TWM	ProShares UltraShort Russell2000	-0.43
SRTY	ProShares UltraPro Short Russell2000	-0.42
RWM	ProShares Short Russell2000	-0.42
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.41

Frequently asked questions about VELO correlations

Which stocks are most correlated with VELO?: Based on one year of daily returns, the stocks most correlated with Velo3D, Inc. Common stock (VELO) are UFO (0.54), ROKT (0.53) and ASTS (0.52). 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 VELO?: Over the past year, the stocks most inversely correlated with Velo3D, Inc. Common stock (VELO) are TZA (-0.43), TWM (-0.43) and SRTY (-0.42). 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 VELO correlations calculated?: We compute the correlation of daily returns between VELO 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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