BioNexus Gene Lab Corp Common stock (BGLC) — Stock Correlations & Overview
Over the past year, BGLC has moved most closely with IBEX, ARKT, PCLG. Explore the stocks most correlated and inversely correlated with BGLC below, along with its price, financials, and company profile.
Stocks correlated with BGLC
Correlation of daily returns. Higher positive values move with BGLC; negative values move opposite it. Informational only, not investment advice.
Most correlated with BGLC
| Symbol | Company | Correlation |
|---|---|---|
| IBEX | IBEX Limited Common SharesSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.38 |
| ARKT | ARK DIET Q4 Buffer ETF | 0.33 |
| PCLG | Polen Focus Growth ETF | 0.32 |
| PLTA | ProShares Ultra PLTR | 0.30 |
| BUFM | AB Moderate Buffer ETF | 0.30 |
Most inversely correlated with BGLC
| Symbol | Company | Correlation |
|---|---|---|
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.26 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.25 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
Frequently asked questions about BGLC correlations
- Which stocks are most correlated with BGLC?
- Based on one year of daily returns, the stocks most correlated with BioNexus Gene Lab Corp Common stock (BGLC) are IBEX (0.38), ARKT (0.33) and PCLG (0.32). 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 BGLC?
- Over the past year, the stocks most inversely correlated with BioNexus Gene Lab Corp Common stock (BGLC) are PLTD (-0.27), SARK (-0.27) and PLTZ (-0.26). 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 BGLC correlations calculated?
- We compute the correlation of daily returns between BGLC 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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