Baird Medical Investment Holdings Ltd Ordinary Share (BDMD) — Stock Correlations & Overview
Over the past year, BDMD has moved most closely with OLB, ETOR, FMED. Explore the stocks most correlated and inversely correlated with BDMD below, along with its price, financials, and company profile.
Stocks correlated with BDMD
Correlation of daily returns. Higher positive values move with BDMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with BDMD
| Symbol | Company | Correlation |
|---|---|---|
| OLB | The OLB Group, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | 0.35 |
| ETOR | eToro Group Ltd. Class A Common Shares | 0.33 |
| FMED | Fidelity Disruptive Medicine ETF | 0.30 |
| ZIM | ZIM Integrated Shipping Services Ltd. | 0.29 |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 0.28 |
Most inversely correlated with BDMD
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.25 |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.24 |
| FELE | Franklin Electric Co IncMOTORS & GENERATORS | -0.24 |
| HRZN | Horizon Technology Finance Corporation | -0.24 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.24 |
Frequently asked questions about BDMD correlations
- Which stocks are most correlated with BDMD?
- Based on one year of daily returns, the stocks most correlated with Baird Medical Investment Holdings Ltd Ordinary Share (BDMD) are OLB (0.35), ETOR (0.33) and FMED (0.30). 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 BDMD?
- Over the past year, the stocks most inversely correlated with Baird Medical Investment Holdings Ltd Ordinary Share (BDMD) are LABD (-0.25), CRCD (-0.24) and FELE (-0.24). 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 BDMD correlations calculated?
- We compute the correlation of daily returns between BDMD 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.