Which stocks are most correlated with ARGX?

Based on one year of daily returns, the stocks most correlated with argenx SE American Depositary Shares (ARGX) are TBXU (0.59), IBB (0.52) and EWK (0.51). 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 ARGX?

Over the past year, the stocks most inversely correlated with argenx SE American Depositary Shares (ARGX) are BIS (-0.49), LABD (-0.43) and AIFU (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

argenx SE American Depositary Shares (ARGX) — Stock Correlations & Overview

Over the past year, ARGX has moved most closely with TBXU, IBB, EWK. Explore the stocks most correlated and inversely correlated with ARGX below, along with its price, financials, and company profile.

Stocks correlated with ARGX

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

Most correlated with ARGX

Symbol	Company	Correlation
TBXU	Direxion Daily Biotech Top 5 Bull 2X ETF	0.59
IBB	iShares Biotechnology ETF	0.52
EWK	iShares MSCI Belgium ETF	0.51
BIB	ProShares Ultra NASDAQ Biotechnology	0.49
IBBQ	Invesco Nasdaq Biotechnology ETFINVESTMENT ADVICE	0.49

Most inversely correlated with ARGX

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.49
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.43
AIFU	AIFU Inc. Class A Ordinary Share	-0.30
RXD	ProShares UltraShort Health Care	-0.28
EYPT	EyePoint, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS	-0.27

Frequently asked questions about ARGX correlations

Which stocks are most correlated with ARGX?: Based on one year of daily returns, the stocks most correlated with argenx SE American Depositary Shares (ARGX) are TBXU (0.59), IBB (0.52) and EWK (0.51). 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 ARGX?: Over the past year, the stocks most inversely correlated with argenx SE American Depositary Shares (ARGX) are BIS (-0.49), LABD (-0.43) and AIFU (-0.30). 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 ARGX correlations calculated?: We compute the correlation of daily returns between ARGX 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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