Which stocks are most correlated with ANGO?

Based on one year of daily returns, the stocks most correlated with AngioDynamics, Inc. (ANGO) are XHE (0.43), MDEV (0.41) and PSCH (0.40). 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 ANGO?

Over the past year, the stocks most inversely correlated with AngioDynamics, Inc. (ANGO) are SBB (-0.36), SDD (-0.35) and SDOW (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

AngioDynamics, Inc. (ANGO) — Stock Correlations & Overview

Over the past year, ANGO has moved most closely with XHE, MDEV, PSCH. Explore the stocks most correlated and inversely correlated with ANGO below, along with its price, financials, and company profile.

Stocks correlated with ANGO

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

Most correlated with ANGO

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.43
MDEV	First Trust Indxx Medical Devices ETF	0.41
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.40
EWUS	iShares MSCI United Kingdom Small-Cap ETF	0.39
BLCO	Bausch + Lomb CorporationOPHTHALMIC GOODS	0.38

Most inversely correlated with ANGO

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.36
SDD	ProShares UltraShort SmallCap600	-0.35
SDOW	ProShares UltraPro Short Dow 30	-0.35
DXD	ProShares UltraShort Dow 30	-0.34
DOG	ProShares Short Dow30	-0.34

Frequently asked questions about ANGO correlations

Which stocks are most correlated with ANGO?: Based on one year of daily returns, the stocks most correlated with AngioDynamics, Inc. (ANGO) are XHE (0.43), MDEV (0.41) and PSCH (0.40). 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 ANGO?: Over the past year, the stocks most inversely correlated with AngioDynamics, Inc. (ANGO) are SBB (-0.36), SDD (-0.35) and SDOW (-0.35). 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 ANGO correlations calculated?: We compute the correlation of daily returns between ANGO 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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