Bionano Genomics, Inc. Common Stock (BNGO) — Stock Correlations & Overview
Over the past year, BNGO has moved most closely with ARKT, CRCO, ESSC. Explore the stocks most correlated and inversely correlated with BNGO below, along with its price, financials, and company profile.
Stocks correlated with BNGO
Correlation of daily returns. Higher positive values move with BNGO; negative values move opposite it. Informational only, not investment advice.
Most correlated with BNGO
| Symbol | Company | Correlation |
|---|---|---|
| ARKT | ARK DIET Q4 Buffer ETF | 0.47 |
| CRCO | YieldMax CRCL Option Income Strategy ETF | 0.43 |
| ESSC | Eventide Small Cap ETF | 0.42 |
| IGGY | AB International Growth ETF | 0.41 |
| PCLG | Polen Focus Growth ETF | 0.40 |
Most inversely correlated with BNGO
| Symbol | Company | Correlation |
|---|---|---|
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.36 |
| TURB | Turbo Energy, S.A. American Depositary Shares | -0.34 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.27 |
| SLNHP | Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred StockFINANCE SERVICES | -0.27 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.26 |
Frequently asked questions about BNGO correlations
- Which stocks are most correlated with BNGO?
- Based on one year of daily returns, the stocks most correlated with Bionano Genomics, Inc. Common Stock (BNGO) are ARKT (0.47), CRCO (0.43) and ESSC (0.42). 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 BNGO?
- Over the past year, the stocks most inversely correlated with Bionano Genomics, Inc. Common Stock (BNGO) are CRCD (-0.36), TURB (-0.34) and RGTZ (-0.27). 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 BNGO correlations calculated?
- We compute the correlation of daily returns between BNGO 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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