Wearable Devices Ltd. Ordinary Share (WLDS) — Stock Correlations & Overview
Over the past year, WLDS has moved most closely with ORCL, DAKT, JBDI. Explore the stocks most correlated and inversely correlated with WLDS below, along with its price, financials, and company profile.
Stocks correlated with WLDS
Correlation of daily returns. Higher positive values move with WLDS; negative values move opposite it. Informational only, not investment advice.
Most correlated with WLDS
| Symbol | Company | Correlation |
|---|---|---|
| ORCL | Oracle CorpSERVICES-PREPACKAGED SOFTWARE | 0.40 |
| DAKT | Daktronics IncMISCELLANEOUS MANUFACTURING INDUSTRIES | 0.38 |
| JBDI | JBDI Holdings Limited Ordinary Shares | 0.38 |
| AIRE | reAlpha Tech Corp. Common StockREAL ESTATE | 0.38 |
| ORCX | Defiance Daily Target 2X Long ORCL ETF | 0.37 |
Most inversely correlated with WLDS
| Symbol | Company | Correlation |
|---|---|---|
| CCSB | Carbon Collective Short Duration Green Bond ETF | -0.49 |
| SNPS | Synopsys IncSERVICES-PREPACKAGED SOFTWARE | -0.40 |
| BHFAM | Brighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series DLIFE INSURANCE | -0.29 |
| CHWY | Chewy, Inc.RETAIL-CATALOG & MAIL-ORDER HOUSES | -0.27 |
| BHFAN | Brighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series CLIFE INSURANCE | -0.27 |
Frequently asked questions about WLDS correlations
- Which stocks are most correlated with WLDS?
- Based on one year of daily returns, the stocks most correlated with Wearable Devices Ltd. Ordinary Share (WLDS) are ORCL (0.40), DAKT (0.38) and JBDI (0.38). 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 WLDS?
- Over the past year, the stocks most inversely correlated with Wearable Devices Ltd. Ordinary Share (WLDS) are CCSB (-0.49), SNPS (-0.40) and BHFAM (-0.29). 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 WLDS correlations calculated?
- We compute the correlation of daily returns between WLDS 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.