Anixa Biosciences, Inc. (ANIX) — Stock Correlations & Overview
Over the past year, ANIX has moved most closely with HOYY, AESR, TY. Explore the stocks most correlated and inversely correlated with ANIX below, along with its price, financials, and company profile.
Stocks correlated with ANIX
Correlation of daily returns. Higher positive values move with ANIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ANIX
| Symbol | Company | Correlation |
|---|---|---|
| HOYY | GraniteShares YieldBOOST HOOD ETF | 0.47 |
| AESR | Anfield U.S. Equity Sector Rotation ETF | 0.45 |
| TY | TRI-Continental Corporation | 0.41 |
| HYTR | Counterpoint High Yield Trend ETF | 0.39 |
| ARKT | ARK DIET Q4 Buffer ETF | 0.39 |
Most inversely correlated with ANIX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.35 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.34 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.33 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.33 |
Frequently asked questions about ANIX correlations
- Which stocks are most correlated with ANIX?
- Based on one year of daily returns, the stocks most correlated with Anixa Biosciences, Inc. (ANIX) are HOYY (0.47), AESR (0.45) and TY (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 ANIX?
- Over the past year, the stocks most inversely correlated with Anixa Biosciences, Inc. (ANIX) are SARK (-0.36), LABD (-0.35) and BTAL (-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 ANIX correlations calculated?
- We compute the correlation of daily returns between ANIX 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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