Azenta, Inc. (AZTA) — Stock Correlations & Overview
Over the past year, AZTA has moved most closely with EKG, HCKT, TECH. Explore the stocks most correlated and inversely correlated with AZTA below, along with its price, financials, and company profile.
Stocks correlated with AZTA
Correlation of daily returns. Higher positive values move with AZTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with AZTA
| Symbol | Company | Correlation |
|---|---|---|
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.51 |
| HCKT | Hackett Group Inc (The).SERVICES-MANAGEMENT CONSULTING SERVICES | 0.50 |
| TECH | Bio-Techne Corp.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.49 |
| RGEN | Repligen CorpBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.48 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.47 |
Frequently asked questions about AZTA correlations
- Which stocks are most correlated with AZTA?
- Based on one year of daily returns, the stocks most correlated with Azenta, Inc. (AZTA) are EKG (0.51), HCKT (0.50) and TECH (0.49). 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 AZTA?
- Over the past year, the stocks most inversely correlated with Azenta, Inc. (AZTA) are SDD (-0.38), RWM (-0.38) and TWM (-0.38). 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 AZTA correlations calculated?
- We compute the correlation of daily returns between AZTA 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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