Biohaven Ltd. (BHVN) — Stock Correlations & Overview
Over the past year, BHVN has moved most closely with BBC, IBRN, SUPN. Explore the stocks most correlated and inversely correlated with BHVN below, along with its price, financials, and company profile.
Stocks correlated with BHVN
Correlation of daily returns. Higher positive values move with BHVN; negative values move opposite it. Informational only, not investment advice.
Most correlated with BHVN
| Symbol | Company | Correlation |
|---|---|---|
| BBC | Virtus Biotech Clinical Trials ETF | 0.48 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.48 |
| SUPN | Supernus Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.45 |
| BCYC | Bicycle Therapeutics plc American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.45 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.43 |
Most inversely correlated with BHVN
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.42 |
| MTC | MMTec, Inc. Common Shares | -0.36 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.34 |
| NGLpB | NGL Energy Partners LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partnership interestsNATURAL GAS TRANSMISSION | -0.34 |
| NGL | NGL ENERGY PARTNERS LPNATURAL GAS TRANSMISSION | -0.27 |
Frequently asked questions about BHVN correlations
- Which stocks are most correlated with BHVN?
- Based on one year of daily returns, the stocks most correlated with Biohaven Ltd. (BHVN) are BBC (0.48), IBRN (0.48) and SUPN (0.45). 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 BHVN?
- Over the past year, the stocks most inversely correlated with Biohaven Ltd. (BHVN) are LABD (-0.42), MTC (-0.36) and BIS (-0.34). 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 BHVN correlations calculated?
- We compute the correlation of daily returns between BHVN 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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