Which stocks are most correlated with ARDX?

Based on one year of daily returns, the stocks most correlated with Ardelyx, Inc. (ARDX) are BBP (0.37), BAER (0.37) and CABA (0.36). 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 ARDX?

Over the past year, the stocks most inversely correlated with Ardelyx, Inc. (ARDX) are LABD (-0.33), TWM (-0.30) and SRTY (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Ardelyx, Inc. (ARDX) — Stock Correlations & Overview

Over the past year, ARDX has moved most closely with BBP, BAER, CABA. Explore the stocks most correlated and inversely correlated with ARDX below, along with its price, financials, and company profile.

Stocks correlated with ARDX

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

Most correlated with ARDX

Symbol	Company	Correlation
BBP	Virtus Biotech ETF	0.37
BAER	Bridger Aerospace Group Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC	0.37
CABA	Cabaletta Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.36
SBIO	ALPS Medical Breakthroughs ETF	0.34
ELVN	Enliven Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.34

Most inversely correlated with ARDX

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.33
TWM	ProShares UltraShort Russell2000	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.29
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.29
RWM	ProShares Short Russell2000	-0.29

Frequently asked questions about ARDX correlations

Which stocks are most correlated with ARDX?: Based on one year of daily returns, the stocks most correlated with Ardelyx, Inc. (ARDX) are BBP (0.37), BAER (0.37) and CABA (0.36). 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 ARDX?: Over the past year, the stocks most inversely correlated with Ardelyx, Inc. (ARDX) are LABD (-0.33), TWM (-0.30) and SRTY (-0.29). 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 ARDX correlations calculated?: We compute the correlation of daily returns between ARDX 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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