Armata Pharmaceuticals, Inc. Common Stock (ARMP) — Stock Correlations & Overview
Over the past year, ARMP has moved most closely with BENF, TNL, ESLA. Explore the stocks most correlated and inversely correlated with ARMP below, along with its price, financials, and company profile.
Stocks correlated with ARMP
Correlation of daily returns. Higher positive values move with ARMP; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARMP
| Symbol | Company | Correlation |
|---|---|---|
| BENF | Beneficient Class A Common StockFINANCE SERVICES | 0.34 |
| TNL | Travel + Leisure Co.HOTELS & MOTELS | 0.31 |
| ESLA | Estrella Immunopharma, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.26 |
| AVY | Avery Dennison Corp.CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES) | 0.26 |
| VICR | Vicor CorpELECTRONIC COMPONENTS, NEC | 0.26 |
Most inversely correlated with ARMP
| Symbol | Company | Correlation |
|---|---|---|
| ARCT | Arcturus Therapeutics Holdings Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.28 |
| ALEC | Alector, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.25 |
| NFLU | T-Rex 2X Long NFLX Daily Target ETF | -0.18 |
| NFLY | YieldMax NFLX Option Income Strategy ETF | -0.17 |
| NFXL | Direxion Shares ETF Trust Direxion Daily NFLX Bull 2X ETF | -0.17 |
Frequently asked questions about ARMP correlations
- Which stocks are most correlated with ARMP?
- Based on one year of daily returns, the stocks most correlated with Armata Pharmaceuticals, Inc. Common Stock (ARMP) are BENF (0.34), TNL (0.31) and ESLA (0.26). 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 ARMP?
- Over the past year, the stocks most inversely correlated with Armata Pharmaceuticals, Inc. Common Stock (ARMP) are ARCT (-0.28), ALEC (-0.25) and NFLU (-0.18). 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 ARMP correlations calculated?
- We compute the correlation of daily returns between ARMP 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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