Compugen Ltd (CGEN) — Stock Correlations & Overview
Over the past year, CGEN has moved most closely with MEME, BUZZ, IWC. Explore the stocks most correlated and inversely correlated with CGEN below, along with its price, financials, and company profile.
Stocks correlated with CGEN
Correlation of daily returns. Higher positive values move with CGEN; negative values move opposite it. Informational only, not investment advice.
Most correlated with CGEN
| Symbol | Company | Correlation |
|---|---|---|
| MEME | Roundhill Meme Stock ETF | 0.43 |
| BUZZ | VanEck Social Sentiment ETF | 0.42 |
| IWC | iShares Micro-Cap ETF | 0.41 |
| BLOK | Amplify Blockchain Technology ETF | 0.41 |
| DAPP | VanEck Digital Transformation ETF | 0.41 |
Most inversely correlated with CGEN
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.38 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.37 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.37 |
| TWM | ProShares UltraShort Russell2000 | -0.37 |
| RWM | ProShares Short Russell2000 | -0.37 |
Frequently asked questions about CGEN correlations
- Which stocks are most correlated with CGEN?
- Based on one year of daily returns, the stocks most correlated with Compugen Ltd (CGEN) are MEME (0.43), BUZZ (0.42) and IWC (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 CGEN?
- Over the past year, the stocks most inversely correlated with Compugen Ltd (CGEN) are SARK (-0.38), SRTY (-0.37) and TZA (-0.37). 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 CGEN correlations calculated?
- We compute the correlation of daily returns between CGEN 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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