Aldeyra Therapeutics, Inc. (ALDX) — Stock Correlations & Overview
Over the past year, ALDX has moved most closely with LNSR, WNW, TME. Explore the stocks most correlated and inversely correlated with ALDX below, along with its price, financials, and company profile.
Stocks correlated with ALDX
Correlation of daily returns. Higher positive values move with ALDX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALDX
| Symbol | Company | Correlation |
|---|---|---|
| LNSR | LENSAR, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.52 |
| WNW | Meiwu Technology Company Limited Ordinary Shares | 0.50 |
| TME | Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares | 0.48 |
| MVST | Microvast Holdings, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.45 |
| CMCT | Creative Media & Community Trust Corporation Common stockREAL ESTATE INVESTMENT TRUSTS | 0.43 |
Most inversely correlated with ALDX
| Symbol | Company | Correlation |
|---|---|---|
| LNAI | Lunai Bioworks Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.44 |
| ACPpA | abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Stock | -0.41 |
| JVA | Coffee Holding Co., Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | -0.29 |
| CHCI | Comstock Holding Companies, Inc. Class AREAL ESTATE | -0.25 |
| ESLT | Elbit Systems Ltd | -0.25 |
Frequently asked questions about ALDX correlations
- Which stocks are most correlated with ALDX?
- Based on one year of daily returns, the stocks most correlated with Aldeyra Therapeutics, Inc. (ALDX) are LNSR (0.52), WNW (0.50) and TME (0.48). 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 ALDX?
- Over the past year, the stocks most inversely correlated with Aldeyra Therapeutics, Inc. (ALDX) are LNAI (-0.44), ACPpA (-0.41) and JVA (-0.29). 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 ALDX correlations calculated?
- We compute the correlation of daily returns between ALDX 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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