Which stocks are most correlated with ALEC?

Based on one year of daily returns, the stocks most correlated with Alector, Inc. Common Stock (ALEC) are ARCT (0.61), BBC (0.42) and IBRN (0.41). 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 ALEC?

Over the past year, the stocks most inversely correlated with Alector, Inc. Common Stock (ALEC) are LABD (-0.39), BIS (-0.36) and BENF (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Alector, Inc. Common Stock (ALEC) — Stock Correlations & Overview

Over the past year, ALEC has moved most closely with ARCT, BBC, IBRN. Explore the stocks most correlated and inversely correlated with ALEC below, along with its price, financials, and company profile.

Stocks correlated with ALEC

Correlation of daily returns. Higher positive values move with ALEC; negative values move opposite it. Informational only, not investment advice.

Most correlated with ALEC

Symbol	Company	Correlation
ARCT	Arcturus Therapeutics Holdings Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.61
BBC	Virtus Biotech Clinical Trials ETF	0.42
IBRN	iShares Neuroscience and Healthcare ETF	0.41
EDIT	Editas Medicine, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.41
HQL	abrdn Life Sciences Investors	0.41

Most inversely correlated with ALEC

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.39
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.36
BENF	Beneficient Class A Common StockFINANCE SERVICES	-0.34
RWM	ProShares Short Russell2000	-0.31
TWM	ProShares UltraShort Russell2000	-0.31

Frequently asked questions about ALEC correlations

Which stocks are most correlated with ALEC?: Based on one year of daily returns, the stocks most correlated with Alector, Inc. Common Stock (ALEC) are ARCT (0.61), BBC (0.42) and IBRN (0.41). 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 ALEC?: Over the past year, the stocks most inversely correlated with Alector, Inc. Common Stock (ALEC) are LABD (-0.39), BIS (-0.36) and BENF (-0.34). 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 ALEC correlations calculated?: We compute the correlation of daily returns between ALEC 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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