XCEL BRANDS INC. (XELB) — Stock Correlations & Overview
Over the past year, XELB has moved most closely with DFLI, QUBT, QUBX. Explore the stocks most correlated and inversely correlated with XELB below, along with its price, financials, and company profile.
Stocks correlated with XELB
Correlation of daily returns. Higher positive values move with XELB; negative values move opposite it. Informational only, not investment advice.
Most correlated with XELB
| Symbol | Company | Correlation |
|---|---|---|
| DFLI | Dragonfly Energy Holdings Corp. Common Stock (NV)MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.31 |
| QUBT | Quantum Computing Inc. CommonSERVICES-PREPACKAGED SOFTWARE | 0.28 |
| QUBX | Tradr 2X Long QUBT Daily ETF | 0.27 |
| UPLD | Upland Software, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.27 |
| ASG | LIBERTY ALL-STAR GROWTH FD | 0.26 |
Most inversely correlated with XELB
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.25 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.25 |
| OMSE | OMS Energy Technologies Inc. Ordinary Shares | -0.23 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.21 |
| SDD | ProShares UltraShort SmallCap600 | -0.21 |
Frequently asked questions about XELB correlations
- Which stocks are most correlated with XELB?
- Based on one year of daily returns, the stocks most correlated with XCEL BRANDS INC. (XELB) are DFLI (0.31), QUBT (0.28) and QUBX (0.27). 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 XELB?
- Over the past year, the stocks most inversely correlated with XCEL BRANDS INC. (XELB) are QBTZ (-0.25), RGTZ (-0.25) and OMSE (-0.23). 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 XELB correlations calculated?
- We compute the correlation of daily returns between XELB 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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