Biodesix, Inc. Common Stock (BDSX) — Stock Correlations & Overview
Over the past year, BDSX has moved most closely with MYSZ, CYRX, UP. Explore the stocks most correlated and inversely correlated with BDSX below, along with its price, financials, and company profile.
Stocks correlated with BDSX
Correlation of daily returns. Higher positive values move with BDSX; negative values move opposite it. Informational only, not investment advice.
Most correlated with BDSX
| Symbol | Company | Correlation |
|---|---|---|
| MYSZ | My Size, IncSERVICES-PREPACKAGED SOFTWARE | 0.29 |
| CYRX | CryoPort, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.29 |
| UP | Wheels Up Experience Inc.AIR TRANSPORTATION, NONSCHEDULED | 0.28 |
| CDNA | CareDx, Inc.SERVICES-MEDICAL LABORATORIES | 0.28 |
| TWST | Twist Bioscience Corporation Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.28 |
Most inversely correlated with BDSX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.22 |
| ACT | Enact Holdings, Inc. Common StockINSURANCE AGENTS, BROKERS & SERVICE | -0.22 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.21 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.21 |
| RWM | ProShares Short Russell2000 | -0.21 |
Frequently asked questions about BDSX correlations
- Which stocks are most correlated with BDSX?
- Based on one year of daily returns, the stocks most correlated with Biodesix, Inc. Common Stock (BDSX) are MYSZ (0.29), CYRX (0.29) and UP (0.28). 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 BDSX?
- Over the past year, the stocks most inversely correlated with Biodesix, Inc. Common Stock (BDSX) are SARK (-0.22), ACT (-0.22) and RGTZ (-0.21). 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 BDSX correlations calculated?
- We compute the correlation of daily returns between BDSX 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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