BridgeBio Oncology Therapeutics, Inc. Common Stock (BBOT) — Stock Correlations & Overview
Over the past year, BBOT has moved most closely with PTH, LABU, XBI. Explore the stocks most correlated and inversely correlated with BBOT below, along with its price, financials, and company profile.
Stocks correlated with BBOT
Correlation of daily returns. Higher positive values move with BBOT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBOT
| Symbol | Company | Correlation |
|---|---|---|
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.41 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.39 |
| XBI | State Street SPDR S&P Biotech ETF | 0.39 |
| CANC | Tema Oncology ETF | 0.38 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.38 |
Most inversely correlated with BBOT
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.38 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.36 |
| TAIL | Cambria Tail Risk ETF | -0.31 |
| EPV | ProShares UltraShort FTSE Europe | -0.30 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.30 |
Frequently asked questions about BBOT correlations
- Which stocks are most correlated with BBOT?
- Based on one year of daily returns, the stocks most correlated with BridgeBio Oncology Therapeutics, Inc. Common Stock (BBOT) are PTH (0.41), LABU (0.39) and XBI (0.39). 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 BBOT?
- Over the past year, the stocks most inversely correlated with BridgeBio Oncology Therapeutics, Inc. Common Stock (BBOT) are LABD (-0.38), BIS (-0.36) and TAIL (-0.31). 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 BBOT correlations calculated?
- We compute the correlation of daily returns between BBOT 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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