Stocks that move in the same direction as SPXS
The Similar Tickers section identifies names that tend to move in tandem. This is often driven by shared sectors, supply chains, or thematic trends.
Example: If KO (Coca-Cola) breaks out to a new high, a trader might look at PEP (Pepsi) as a "sympathy play" that hasn't moved yet. Similarly, when the price of Bitcoin surges, miners like MARA and RIOT often show high positive correlation scores.
Inverse Tickers move in the opposite direction. When your target stock goes up, these names tend to go down. This is common with "risk-off" assets, companies with competing business models, or specific hedging instruments.
In the modern market, many top negatively correlated results are Inverse ETFs. These are specifically engineered financial products designed to provide the opposite daily return of an index or stock. For instance, if you search for a semiconductor stock, you may see SOXS (an inverse semiconductor ETF) appear with a high negative score.
Other Examples: Historically, Gold (GLD) or Long-Term Bonds (TLT) often show negative correlation with the broader stock market (SPY) during times of panic. In specific sectors, an airline stock might be negatively correlated with Oil (USO) because rising fuel costs hurt airline profits.
We use the Pearson Correlation Coefficient, which we convert to a 0–100% scale for readability:
⚠️ This tool is a work in progress and is not financial advice. Always do your own research before making any investment decisions.