Which stocks are most correlated with WRAP?

Based on one year of daily returns, the stocks most correlated with Wrap Technologies, Inc. Common Stock (WRAP) are FITE (0.44), KOMP (0.44) and FYC (0.43). 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 WRAP?

Over the past year, the stocks most inversely correlated with Wrap Technologies, Inc. Common Stock (WRAP) are SARK (-0.41), SRTY (-0.38) and RWM (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Wrap Technologies, Inc. Common Stock (WRAP) — Stock Correlations & Overview

Over the past year, WRAP has moved most closely with FITE, KOMP, FYC. Explore the stocks most correlated and inversely correlated with WRAP below, along with its price, financials, and company profile.

Stocks correlated with WRAP

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

Most correlated with WRAP

Symbol	Company	Correlation
FITE	State Street SPDR S&P Kensho Future Security ETF	0.44
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	0.44
FYC	First Trust Small Cap Growth AlphaDEX Fund	0.43
PBW	Invesco WilderHill Clean Energy ETF	0.43
ROBT	First Trust Nasdaq Artificial Intelligence and Robotics ETF	0.42

Most inversely correlated with WRAP

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.41
SRTY	ProShares UltraPro Short Russell2000	-0.38
RWM	ProShares Short Russell2000	-0.38
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.38
TWM	ProShares UltraShort Russell2000	-0.38

Frequently asked questions about WRAP correlations

Which stocks are most correlated with WRAP?: Based on one year of daily returns, the stocks most correlated with Wrap Technologies, Inc. Common Stock (WRAP) are FITE (0.44), KOMP (0.44) and FYC (0.43). 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 WRAP?: Over the past year, the stocks most inversely correlated with Wrap Technologies, Inc. Common Stock (WRAP) are SARK (-0.41), SRTY (-0.38) and RWM (-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 WRAP correlations calculated?: We compute the correlation of daily returns between WRAP 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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