Basel Medical Group Ltd Ordinary Shares (BMGL) — Stock Correlations & Overview
Over the past year, BMGL has moved most closely with SNTI, IGC, BNKK. Explore the stocks most correlated and inversely correlated with BMGL below, along with its price, financials, and company profile.
Stocks correlated with BMGL
Correlation of daily returns. Higher positive values move with BMGL; negative values move opposite it. Informational only, not investment advice.
Most correlated with BMGL
| Symbol | Company | Correlation |
|---|---|---|
| SNTI | Senti Biosciences Holdings, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.28 |
| IGC | IGC Pharma, Inc.PHARMACEUTICAL PREPARATIONS | 0.24 |
| BNKK | Bonk, Inc. Common StockPERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | 0.24 |
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.23 |
| ADUR | Aduro Clean Technologies Inc. Common Stock | 0.22 |
Most inversely correlated with BMGL
| Symbol | Company | Correlation |
|---|---|---|
| CXAI | CXApp Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | -0.21 |
| XELLL | Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085ELECTRIC & OTHER SERVICES COMBINED | -0.21 |
| HOVNP | Hovnanian Enterprises Inc. Dep Shr Srs A PfdOPERATIVE BUILDERS | -0.20 |
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.20 |
| STI | Solidion Technology, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | -0.20 |
Frequently asked questions about BMGL correlations
- Which stocks are most correlated with BMGL?
- Based on one year of daily returns, the stocks most correlated with Basel Medical Group Ltd Ordinary Shares (BMGL) are SNTI (0.28), IGC (0.24) and BNKK (0.24). 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 BMGL?
- Over the past year, the stocks most inversely correlated with Basel Medical Group Ltd Ordinary Shares (BMGL) are CXAI (-0.21), XELLL (-0.21) and HOVNP (-0.20). 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 BMGL correlations calculated?
- We compute the correlation of daily returns between BMGL 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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