BioMarin Pharmaceuticals Inc (BMRN) — Stock Correlations & Overview
Over the past year, BMRN has moved most closely with PBE, FBT, IBB. Explore the stocks most correlated and inversely correlated with BMRN below, along with its price, financials, and company profile.
Stocks correlated with BMRN
Correlation of daily returns. Higher positive values move with BMRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with BMRN
| Symbol | Company | Correlation |
|---|---|---|
| PBE | Invesco Biotechnology & Genome ETF | 0.56 |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 0.53 |
| IBB | iShares Biotechnology ETF | 0.51 |
| IBBQ | Invesco Nasdaq Biotechnology ETFINVESTMENT ADVICE | 0.51 |
| FXH | First Trust Health Care AlphaDEX Fund | 0.51 |
Most inversely correlated with BMRN
| Symbol | Company | Correlation |
|---|---|---|
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.51 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.45 |
| RXD | ProShares UltraShort Health Care | -0.42 |
| GGOV | iShares Global Government Bond USD Hedged Active ETF | -0.32 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
Frequently asked questions about BMRN correlations
- Which stocks are most correlated with BMRN?
- Based on one year of daily returns, the stocks most correlated with BioMarin Pharmaceuticals Inc (BMRN) are PBE (0.56), FBT (0.53) and IBB (0.51). 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 BMRN?
- Over the past year, the stocks most inversely correlated with BioMarin Pharmaceuticals Inc (BMRN) are BIS (-0.51), LABD (-0.45) and RXD (-0.42). 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 BMRN correlations calculated?
- We compute the correlation of daily returns between BMRN 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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