Workhorse Group, Inc (WKHS) — Stock Correlations & Overview
Over the past year, WKHS has moved most closely with HOLO, RUM, FDIG. Explore the stocks most correlated and inversely correlated with WKHS below, along with its price, financials, and company profile.
Stocks correlated with WKHS
Correlation of daily returns. Higher positive values move with WKHS; negative values move opposite it. Informational only, not investment advice.
Most correlated with WKHS
| Symbol | Company | Correlation |
|---|---|---|
| HOLO | MicroCloud Hologram Inc. Ordinary SharesSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.43 |
| RUM | RUM Group Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.41 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 0.41 |
| DADS | Digital Asset Debt Strategy ETF | 0.40 |
| BBAI | BigBear.ai Holdings, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.40 |
Most inversely correlated with WKHS
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.40 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.37 |
| RWM | ProShares Short Russell2000 | -0.36 |
| TWM | ProShares UltraShort Russell2000 | -0.36 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.36 |
Frequently asked questions about WKHS correlations
- Which stocks are most correlated with WKHS?
- Based on one year of daily returns, the stocks most correlated with Workhorse Group, Inc (WKHS) are HOLO (0.43), RUM (0.41) and FDIG (0.41). 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 WKHS?
- Over the past year, the stocks most inversely correlated with Workhorse Group, Inc (WKHS) are SARK (-0.40), RGTZ (-0.37) and RWM (-0.36). 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 WKHS correlations calculated?
- We compute the correlation of daily returns between WKHS 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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