VTEX (VTEX) — Stock Correlations & Overview
Over the past year, VTEX has moved most closely with TOST, XYZY, XSW. Explore the stocks most correlated and inversely correlated with VTEX below, along with its price, financials, and company profile.
Stocks correlated with VTEX
Correlation of daily returns. Higher positive values move with VTEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with VTEX
| Symbol | Company | Correlation |
|---|---|---|
| TOST | Toast, Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.49 |
| XYZY | YieldMax XYZ Option Income Strategy ETF | 0.48 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.47 |
| PNQI | Invesco NASDAQ Internet ETF | 0.46 |
| INVN | Alger Russell Innovation ETF | 0.46 |
Most inversely correlated with VTEX
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.41 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.38 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.31 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.31 |
Frequently asked questions about VTEX correlations
- Which stocks are most correlated with VTEX?
- Based on one year of daily returns, the stocks most correlated with VTEX (VTEX) are TOST (0.49), XYZY (0.48) and XSW (0.47). 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 VTEX?
- Over the past year, the stocks most inversely correlated with VTEX (VTEX) are WEBS (-0.41), HDGE (-0.39) and DWSH (-0.38). 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 VTEX correlations calculated?
- We compute the correlation of daily returns between VTEX 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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