Eco Wave Power Global AB (publ) American Depositary Shares (WAVE) — Stock Correlations & Overview
Over the past year, WAVE has moved most closely with CNSP, SKK, IMDX. Explore the stocks most correlated and inversely correlated with WAVE below, along with its price, financials, and company profile.
Stocks correlated with WAVE
Correlation of daily returns. Higher positive values move with WAVE; negative values move opposite it. Informational only, not investment advice.
Most correlated with WAVE
| Symbol | Company | Correlation |
|---|---|---|
| CNSP | CNS Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| SKK | SKK Holdings Limited Class A Ordinary Shares | 0.28 |
| IMDX | Insight Molecular Diagnostics Inc. Common StockIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES | 0.26 |
| LNAI | Lunai Bioworks Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.25 |
| UJUN | Innovator U.S. Equity Ultra Buffer ETF - June | 0.25 |
Most inversely correlated with WAVE
| Symbol | Company | Correlation |
|---|---|---|
| VLGEA | Village Super MarketRETAIL-GROCERY STORES | -0.22 |
| NTIP | Network-1 Technologies, Inc.PATENT OWNERS & LESSORS | -0.21 |
| CSV | Carriage Services, Inc.SERVICES-PERSONAL SERVICES | -0.20 |
| MKC | McCormick & Company, Incorporated Non-VTG CSMISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | -0.20 |
| GMEU | T-REX 2X Long GME Daily Target ETF | -0.20 |
Frequently asked questions about WAVE correlations
- Which stocks are most correlated with WAVE?
- Based on one year of daily returns, the stocks most correlated with Eco Wave Power Global AB (publ) American Depositary Shares (WAVE) are CNSP (0.28), SKK (0.28) and IMDX (0.26). 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 WAVE?
- Over the past year, the stocks most inversely correlated with Eco Wave Power Global AB (publ) American Depositary Shares (WAVE) are VLGEA (-0.22), NTIP (-0.21) and CSV (-0.20). 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 WAVE correlations calculated?
- We compute the correlation of daily returns between WAVE 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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