Zedge, Inc. (ZDGE) — Stock Correlations & Overview
Over the past year, ZDGE has moved most closely with FSUN, ELTX, FRST. Explore the stocks most correlated and inversely correlated with ZDGE below, along with its price, financials, and company profile.
Stocks correlated with ZDGE
Correlation of daily returns. Higher positive values move with ZDGE; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZDGE
| Symbol | Company | Correlation |
|---|---|---|
| FSUN | FirstSun Capital Bancorp Common StockNATIONAL COMMERCIAL BANKS | 0.32 |
| ELTX | Elicio Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.32 |
| FRST | Primis Financial Corp. Common StockSTATE COMMERCIAL BANKS | 0.30 |
| IXG | iShares Global Financials ETF | 0.30 |
| ROKU | Roku, Inc. Class A Common StockCABLE & OTHER PAY TELEVISION SERVICES | 0.30 |
Most inversely correlated with ZDGE
| Symbol | Company | Correlation |
|---|---|---|
| SKF | ProShares UltraShort Financials | -0.28 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.28 |
| SEF | ProShares Short Financials | -0.27 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.27 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.26 |
Frequently asked questions about ZDGE correlations
- Which stocks are most correlated with ZDGE?
- Based on one year of daily returns, the stocks most correlated with Zedge, Inc. (ZDGE) are FSUN (0.32), ELTX (0.32) and FRST (0.30). 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 ZDGE?
- Over the past year, the stocks most inversely correlated with Zedge, Inc. (ZDGE) are SKF (-0.28), FAZ (-0.28) and SEF (-0.27). 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 ZDGE correlations calculated?
- We compute the correlation of daily returns between ZDGE 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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