Xos, Inc. Common Stock (XOS) — Stock Correlations & Overview
Over the past year, XOS has moved most closely with WCT, PFSA, VBNK. Explore the stocks most correlated and inversely correlated with XOS below, along with its price, financials, and company profile.
Stocks correlated with XOS
Correlation of daily returns. Higher positive values move with XOS; negative values move opposite it. Informational only, not investment advice.
Most correlated with XOS
| Symbol | Company | Correlation |
|---|---|---|
| WCT | Wellchange Holdings Company Limited Class A Ordinary shares | 0.49 |
| PFSA | Profusa, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.35 |
| VBNK | VersaBank Common Shares | 0.27 |
| ANY | Sphere 3D Corp. Common SharesFINANCE SERVICES | 0.27 |
| DRTSW | Alpha Tau Medical Ltd. Warrant | 0.25 |
Most inversely correlated with XOS
| Symbol | Company | Correlation |
|---|---|---|
| LSE | Leishen Energy Holding Co., Ltd. Class A Ordinary Shares | -0.35 |
| NVRI | Enviri CorporationREFUSE SYSTEMS | -0.24 |
| CGNT | Cognyte Software Ltd. Ordinary Shares | -0.23 |
| BEPpA | Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 | -0.23 |
| LGCL | Lucas GC Limited Ordinary Shares | -0.23 |
Frequently asked questions about XOS correlations
- Which stocks are most correlated with XOS?
- Based on one year of daily returns, the stocks most correlated with Xos, Inc. Common Stock (XOS) are WCT (0.49), PFSA (0.35) and VBNK (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 XOS?
- Over the past year, the stocks most inversely correlated with Xos, Inc. Common Stock (XOS) are LSE (-0.35), NVRI (-0.24) and CGNT (-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 XOS correlations calculated?
- We compute the correlation of daily returns between XOS 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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