Beta Bionics, Inc. Common Stock (BBNX) — Stock Correlations & Overview
Over the past year, BBNX has moved most closely with PASW, XHE, KMTS. Explore the stocks most correlated and inversely correlated with BBNX below, along with its price, financials, and company profile.
Stocks correlated with BBNX
Correlation of daily returns. Higher positive values move with BBNX; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBNX
| Symbol | Company | Correlation |
|---|---|---|
| PASW | Ping An Biomedical Co., Ltd. Class A Ordinary Shares | 0.44 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.43 |
| KMTS | Kestra Medical Technologies, Ltd. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.43 |
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.41 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.39 |
Most inversely correlated with BBNX
| Symbol | Company | Correlation |
|---|---|---|
| ANPA | Rich Sparkle Holdings Limited Ordinary Shares | -0.35 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.28 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.26 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.25 |
Frequently asked questions about BBNX correlations
- Which stocks are most correlated with BBNX?
- Based on one year of daily returns, the stocks most correlated with Beta Bionics, Inc. Common Stock (BBNX) are PASW (0.44), XHE (0.43) and KMTS (0.43). 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 BBNX?
- Over the past year, the stocks most inversely correlated with Beta Bionics, Inc. Common Stock (BBNX) are ANPA (-0.35), FLYD (-0.29) and HDGE (-0.28). 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 BBNX correlations calculated?
- We compute the correlation of daily returns between BBNX 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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