Bruker Corporation (BRKR) — Stock Correlations & Overview
Over the past year, BRKR has moved most closely with RVTY, A, TMO. Explore the stocks most correlated and inversely correlated with BRKR below, along with its price, financials, and company profile.
Stocks correlated with BRKR
Correlation of daily returns. Higher positive values move with BRKR; negative values move opposite it. Informational only, not investment advice.
Most correlated with BRKR
| Symbol | Company | Correlation |
|---|---|---|
| RVTY | Revvity, Inc.LABORATORY ANALYTICAL INSTRUMENTS | 0.66 |
| A | Agilent Technologies Inc.LABORATORY ANALYTICAL INSTRUMENTS | 0.61 |
| TMO | Thermo Fisher Scientific, Inc.MEASURING & CONTROLLING DEVICES, NEC | 0.60 |
| TXG | 10x Genomics, Inc. Class A Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.56 |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 0.54 |
Most inversely correlated with BRKR
| Symbol | Company | Correlation |
|---|---|---|
| SMDD | ProShares UltraPro Short MidCap400 | -0.38 |
| MZZ | ProShares UltraShort MidCap400 | -0.38 |
| AMIX | Autonomix Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.38 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| MYY | ProShares Short MidCap400 | -0.37 |
Frequently asked questions about BRKR correlations
- Which stocks are most correlated with BRKR?
- Based on one year of daily returns, the stocks most correlated with Bruker Corporation (BRKR) are RVTY (0.66), A (0.61) and TMO (0.60). 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 BRKR?
- Over the past year, the stocks most inversely correlated with Bruker Corporation (BRKR) are SMDD (-0.38), MZZ (-0.38) and AMIX (-0.38). 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 BRKR correlations calculated?
- We compute the correlation of daily returns between BRKR 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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