Which stocks are most correlated with WATT?

Based on one year of daily returns, the stocks most correlated with Energous Corporation (WATT) are WQTM (0.40), QSI (0.38) and KOPN (0.37). 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 WATT?

Over the past year, the stocks most inversely correlated with Energous Corporation (WATT) are RGTZ (-0.36), QBTZ (-0.35) and TWM (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Energous Corporation (WATT) — Stock Correlations & Overview

Over the past year, WATT has moved most closely with WQTM, QSI, KOPN. Explore the stocks most correlated and inversely correlated with WATT below, along with its price, financials, and company profile.

Stocks correlated with WATT

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

Most correlated with WATT

Symbol	Company	Correlation
WQTM	WisdomTree Quantum Computing Fund	0.40
QSI	Quantum-Si Incorporated Class A Common StockMEASURING & CONTROLLING DEVICES, NEC	0.38
KOPN	Kopin CorpSEMICONDUCTORS & RELATED DEVICES	0.37
MAKX	ProShares S&P Kensho Smart Factories ETF	0.37
QQQS	Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE	0.36

Most inversely correlated with WATT

Symbol	Company	Correlation
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.36
QBTZ	Defiance Daily Target 2x Short QBTS ETF	-0.35
TWM	ProShares UltraShort Russell2000	-0.33
SRTY	ProShares UltraPro Short Russell2000	-0.33
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.32

Frequently asked questions about WATT correlations

Which stocks are most correlated with WATT?: Based on one year of daily returns, the stocks most correlated with Energous Corporation (WATT) are WQTM (0.40), QSI (0.38) and KOPN (0.37). 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 WATT?: Over the past year, the stocks most inversely correlated with Energous Corporation (WATT) are RGTZ (-0.36), QBTZ (-0.35) and TWM (-0.33). 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 WATT correlations calculated?: We compute the correlation of daily returns between WATT 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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