Apyx Medical Corporation Common Stock (APYX) — Stock Correlations & Overview
Over the past year, APYX has moved most closely with FISI, SRI, BY. Explore the stocks most correlated and inversely correlated with APYX below, along with its price, financials, and company profile.
Stocks correlated with APYX
Correlation of daily returns. Higher positive values move with APYX; negative values move opposite it. Informational only, not investment advice.
Most correlated with APYX
| Symbol | Company | Correlation |
|---|---|---|
| FISI | Financial Institutions IncNATIONAL COMMERCIAL BANKS | 0.29 |
| SRI | Stoneridge, IncMOTOR VEHICLE PARTS & ACCESSORIES | 0.29 |
| BY | Byline Bancorp, Inc. Common StockSTATE COMMERCIAL BANKS | 0.29 |
| KRMD | KORU Medical Systems, Inc. Common Stock (DE)SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.29 |
| ELVA | Electrovaya Inc. Common Shares | 0.29 |
Most inversely correlated with APYX
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.24 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.23 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.23 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.22 |
Frequently asked questions about APYX correlations
- Which stocks are most correlated with APYX?
- Based on one year of daily returns, the stocks most correlated with Apyx Medical Corporation Common Stock (APYX) are FISI (0.29), SRI (0.29) and BY (0.29). 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 APYX?
- Over the past year, the stocks most inversely correlated with Apyx Medical Corporation Common Stock (APYX) are JETD (-0.24), BNKD (-0.23) and UVXY (-0.23). 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 APYX correlations calculated?
- We compute the correlation of daily returns between APYX 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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