Which stocks are most correlated with BIO?

Based on one year of daily returns, the stocks most correlated with Bio-Rad Laboratories, Inc.Class A (BIO) are TMO (0.59), MDEV (0.57) and RVTY (0.56). 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 BIO?

Over the past year, the stocks most inversely correlated with Bio-Rad Laboratories, Inc.Class A (BIO) are HDGE (-0.40), SMDD (-0.37) and MYY (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

Bio-Rad Laboratories, Inc.Class A (BIO) — Stock Correlations & Overview

Over the past year, BIO has moved most closely with TMO, MDEV, RVTY. Explore the stocks most correlated and inversely correlated with BIO below, along with its price, financials, and company profile.

Stocks correlated with BIO

Correlation of daily returns. Higher positive values move with BIO; negative values move opposite it. Informational only, not investment advice.

Most correlated with BIO

Symbol	Company	Correlation
TMO	Thermo Fisher Scientific, Inc.MEASURING & CONTROLLING DEVICES, NEC	0.59
MDEV	First Trust Indxx Medical Devices ETF	0.57
RVTY	Revvity, Inc.LABORATORY ANALYTICAL INSTRUMENTS	0.56
A	Agilent Technologies Inc.LABORATORY ANALYTICAL INSTRUMENTS	0.55
RGEN	Repligen CorpBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.54

Most inversely correlated with BIO

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.40
SMDD	ProShares UltraPro Short MidCap400	-0.37
MYY	ProShares Short MidCap400	-0.36
SBB	ProShares Short SmallCap600	-0.36
SDD	ProShares UltraShort SmallCap600	-0.36

Frequently asked questions about BIO correlations

Which stocks are most correlated with BIO?: Based on one year of daily returns, the stocks most correlated with Bio-Rad Laboratories, Inc.Class A (BIO) are TMO (0.59), MDEV (0.57) and RVTY (0.56). 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 BIO?: Over the past year, the stocks most inversely correlated with Bio-Rad Laboratories, Inc.Class A (BIO) are HDGE (-0.40), SMDD (-0.37) and MYY (-0.36). 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 BIO correlations calculated?: We compute the correlation of daily returns between BIO 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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