Which stocks are most correlated with ANIP?

Based on one year of daily returns, the stocks most correlated with ANI Pharmaceuticals, Inc. (ANIP) are PJP (0.40), PILL (0.39) and XPH (0.38). 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 ANIP?

Over the past year, the stocks most inversely correlated with ANI Pharmaceuticals, Inc. (ANIP) are RXD (-0.28), DRV (-0.28) and SRS (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

ANI Pharmaceuticals, Inc. (ANIP) — Stock Correlations & Overview

Over the past year, ANIP has moved most closely with PJP, PILL, XPH. Explore the stocks most correlated and inversely correlated with ANIP below, along with its price, financials, and company profile.

Stocks correlated with ANIP

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

Most correlated with ANIP

Symbol	Company	Correlation
PJP	Invesco Pharmaceuticals ETF	0.40
PILL	Direxion Daily Pharmaceutical & Medical Bull 3X ETF	0.39
XPH	State Street SPDR S&P Pharmaceuticals ETF	0.38
AMRX	Amneal Pharmaceuticals, Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS	0.37
SIXS	ETC 6 Meridian Small Cap Equity ETF	0.37

Most inversely correlated with ANIP

Symbol	Company	Correlation
RXD	ProShares UltraShort Health Care	-0.28
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.28
SRS	ProShares UltraShort Real Estate	-0.28
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.27
REK	ProShares Short Real Estate	-0.27

Frequently asked questions about ANIP correlations

Which stocks are most correlated with ANIP?: Based on one year of daily returns, the stocks most correlated with ANI Pharmaceuticals, Inc. (ANIP) are PJP (0.40), PILL (0.39) and XPH (0.38). 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 ANIP?: Over the past year, the stocks most inversely correlated with ANI Pharmaceuticals, Inc. (ANIP) are RXD (-0.28), DRV (-0.28) and SRS (-0.28). 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 ANIP correlations calculated?: We compute the correlation of daily returns between ANIP 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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