Bioventus Inc. Class A Common Stock (BVS) — Stock Correlations & Overview
Over the past year, BVS has moved most closely with XHE, ENOV, PSCH. Explore the stocks most correlated and inversely correlated with BVS below, along with its price, financials, and company profile.
Stocks correlated with BVS
Correlation of daily returns. Higher positive values move with BVS; negative values move opposite it. Informational only, not investment advice.
Most correlated with BVS
| Symbol | Company | Correlation |
|---|---|---|
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.45 |
| ENOV | Enovis CorporationORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | 0.44 |
| PSCH | Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE | 0.40 |
| IHI | iShares U.S. Medical Devices ETF | 0.40 |
| TCMD | Tactile Systems Technology, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.39 |
Most inversely correlated with BVS
| Symbol | Company | Correlation |
|---|---|---|
| RXD | ProShares UltraShort Health Care | -0.30 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.30 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.29 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.28 |
Frequently asked questions about BVS correlations
- Which stocks are most correlated with BVS?
- Based on one year of daily returns, the stocks most correlated with Bioventus Inc. Class A Common Stock (BVS) are XHE (0.45), ENOV (0.44) and PSCH (0.40). 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 BVS?
- Over the past year, the stocks most inversely correlated with Bioventus Inc. Class A Common Stock (BVS) are RXD (-0.30), SKRE (-0.30) and DWSH (-0.29). 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 BVS correlations calculated?
- We compute the correlation of daily returns between BVS 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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