Bausch Health Companies Inc (BHC) — Stock Correlations & Overview
Over the past year, BHC has moved most closely with BLCO, BMY, ING. Explore the stocks most correlated and inversely correlated with BHC below, along with its price, financials, and company profile.
Stocks correlated with BHC
Correlation of daily returns. Higher positive values move with BHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with BHC
| Symbol | Company | Correlation |
|---|---|---|
| BLCO | Bausch + Lomb CorporationOPHTHALMIC GOODS | 0.40 |
| BMY | Bristol-Myers Squibb Co.PHARMACEUTICAL PREPARATIONS | 0.35 |
| ING | ING Groep N.V. American Depositary Shares | 0.33 |
| MMSI | Merit Medical Systems IncSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.33 |
| CNMD | CONMED CorporationELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.33 |
Most inversely correlated with BHC
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.30 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.29 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.28 |
| GBFH | GBank Financial Holdings Inc. Common StockSTATE COMMERCIAL BANKS | -0.28 |
| DOG | ProShares Short Dow30 | -0.28 |
Frequently asked questions about BHC correlations
- Which stocks are most correlated with BHC?
- Based on one year of daily returns, the stocks most correlated with Bausch Health Companies Inc (BHC) are BLCO (0.40), BMY (0.35) and ING (0.33). 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 BHC?
- Over the past year, the stocks most inversely correlated with Bausch Health Companies Inc (BHC) are EPV (-0.30), AMZD (-0.29) and BNKD (-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 BHC correlations calculated?
- We compute the correlation of daily returns between BHC 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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