Opportunistic Trader ETF (WZRD) — Stock Correlations & Overview
Over the past year, WZRD has moved most closely with TC, GPI, BXMT. Explore the stocks most correlated and inversely correlated with WZRD below, along with its price, financials, and company profile.
Stocks correlated with WZRD
Correlation of daily returns. Higher positive values move with WZRD; negative values move opposite it. Informational only, not investment advice.
Most correlated with WZRD
| Symbol | Company | Correlation |
|---|---|---|
| TC | Token Cat Limited American Depositary Shares | 0.38 |
| GPI | Group 1 Automotive, Inc.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.32 |
| BXMT | Blackstone Mortgage Trust, Inc. (NEW)REAL ESTATE INVESTMENT TRUSTS | 0.32 |
| MBRX | Moleculin Biotech, Inc.PHARMACEUTICAL PREPARATIONS | 0.32 |
| RCON | Recon Technology, Ltd. Class A Ordinary SharesOIL & GAS FIELD SERVICES, NEC | 0.29 |
Most inversely correlated with WZRD
| Symbol | Company | Correlation |
|---|---|---|
| IFED | ETRACS IFED Invest with the Fed TR Index ETN | -0.31 |
| CCG | Cheche Group Inc. Class A Ordinary Shares | -0.22 |
| QLYS | Qualys, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.20 |
| MKTX | MarketAxess Holdings Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.20 |
| ZYBT | Zhengye Biotechnology Holding Limited Class A Ordinary Shares | -0.20 |
Frequently asked questions about WZRD correlations
- Which stocks are most correlated with WZRD?
- Based on one year of daily returns, the stocks most correlated with Opportunistic Trader ETF (WZRD) are TC (0.38), GPI (0.32) and BXMT (0.32). 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 WZRD?
- Over the past year, the stocks most inversely correlated with Opportunistic Trader ETF (WZRD) are IFED (-0.31), CCG (-0.22) and QLYS (-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 WZRD correlations calculated?
- We compute the correlation of daily returns between WZRD 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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