CareDx, Inc. (CDNA) — Stock Correlations & Overview
Over the past year, CDNA has moved most closely with ARKG, HTEC, ADPT. Explore the stocks most correlated and inversely correlated with CDNA below, along with its price, financials, and company profile.
Stocks correlated with CDNA
Correlation of daily returns. Higher positive values move with CDNA; negative values move opposite it. Informational only, not investment advice.
Most correlated with CDNA
| Symbol | Company | Correlation |
|---|---|---|
| ARKG | ARK Genomic Revolution ETF | 0.45 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.41 |
| ADPT | Adaptive Biotechnologies Corporation Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.39 |
| RFLR | Innovator U.S. Small Cap Managed Floor ETF | 0.38 |
| MYSE | Myseum.AI, Inc. Common StockTELEGRAPH & OTHER MESSAGE COMMUNICATIONS | 0.38 |
Most inversely correlated with CDNA
| Symbol | Company | Correlation |
|---|---|---|
| SDD | ProShares UltraShort SmallCap600 | -0.36 |
| ARI | APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.REAL ESTATE INVESTMENT TRUSTS | -0.35 |
| RWM | ProShares Short Russell2000 | -0.35 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.35 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.35 |
Frequently asked questions about CDNA correlations
- Which stocks are most correlated with CDNA?
- Based on one year of daily returns, the stocks most correlated with CareDx, Inc. (CDNA) are ARKG (0.45), HTEC (0.41) and ADPT (0.39). 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 CDNA?
- Over the past year, the stocks most inversely correlated with CareDx, Inc. (CDNA) are SDD (-0.36), ARI (-0.35) and RWM (-0.35). 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 CDNA correlations calculated?
- We compute the correlation of daily returns between CDNA 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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