Cerus Corp (CERS) — Stock Correlations & Overview
Over the past year, CERS has moved most closely with ARKG, PSCH, XHE. Explore the stocks most correlated and inversely correlated with CERS below, along with its price, financials, and company profile.
Stocks correlated with CERS
Correlation of daily returns. Higher positive values move with CERS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CERS
| Symbol | Company | Correlation |
|---|---|---|
| ARKG | ARK Genomic Revolution ETF | 0.43 |
| PSCH | Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE | 0.42 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.41 |
| ARKK | ARK Innovation ETF | 0.41 |
| TARK | Investment Managers Series Trust II Tradr 2X Long Innovation ETF | 0.40 |
Most inversely correlated with CERS
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.40 |
| TWM | ProShares UltraShort Russell2000 | -0.36 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.35 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.35 |
| RWM | ProShares Short Russell2000 | -0.34 |
Frequently asked questions about CERS correlations
- Which stocks are most correlated with CERS?
- Based on one year of daily returns, the stocks most correlated with Cerus Corp (CERS) are ARKG (0.43), PSCH (0.42) and XHE (0.41). 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 CERS?
- Over the past year, the stocks most inversely correlated with Cerus Corp (CERS) are SARK (-0.40), TWM (-0.36) and SRTY (-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 CERS correlations calculated?
- We compute the correlation of daily returns between CERS 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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