WidePoint Corporation (WYY) — Stock Correlations & Overview
Over the past year, WYY has moved most closely with GBTG, SKK, HCKT. Explore the stocks most correlated and inversely correlated with WYY below, along with its price, financials, and company profile.
Stocks correlated with WYY
Correlation of daily returns. Higher positive values move with WYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with WYY
| Symbol | Company | Correlation |
|---|---|---|
| GBTG | Global Business Travel Group, Inc.TRANSPORTATION SERVICES | 0.36 |
| SKK | SKK Holdings Limited Class A Ordinary Shares | 0.28 |
| HCKT | Hackett Group Inc (The).SERVICES-MANAGEMENT CONSULTING SERVICES | 0.28 |
| SSTI | SoundThinking, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.27 |
| CNSP | CNS Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
Most inversely correlated with WYY
| Symbol | Company | Correlation |
|---|---|---|
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.24 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.23 |
| IMXI | International Money Express, Inc.SERVICES-BUSINESS SERVICES, NEC | -0.20 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.19 |
| TAIL | Cambria Tail Risk ETF | -0.18 |
Frequently asked questions about WYY correlations
- Which stocks are most correlated with WYY?
- Based on one year of daily returns, the stocks most correlated with WidePoint Corporation (WYY) are GBTG (0.36), SKK (0.28) and HCKT (0.28). 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 WYY?
- Over the past year, the stocks most inversely correlated with WidePoint Corporation (WYY) are CRCD (-0.24), WEBS (-0.23) and IMXI (-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 WYY correlations calculated?
- We compute the correlation of daily returns between WYY 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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