Calidi Biotherapeutics, Inc. (CLDI) — Stock Correlations & Overview
Over the past year, CLDI has moved most closely with OWLT, PROF, INGM. Explore the stocks most correlated and inversely correlated with CLDI below, along with its price, financials, and company profile.
Stocks correlated with CLDI
Correlation of daily returns. Higher positive values move with CLDI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLDI
| Symbol | Company | Correlation |
|---|---|---|
| OWLT | Owlet, Inc.MEASURING & CONTROLLING DEVICES, NEC | 0.54 |
| PROF | Profound Medical Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.46 |
| INGM | Ingram Micro Holding CorporationWHOLESALE-COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE | 0.42 |
| ASLE | AerSale Corporation Common StockWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | 0.39 |
| AQN | Algonquin Power & Utilities Corp | 0.38 |
Most inversely correlated with CLDI
| Symbol | Company | Correlation |
|---|---|---|
| PRSO | Peraso, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | -0.38 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.35 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.34 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.34 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.34 |
Frequently asked questions about CLDI correlations
- Which stocks are most correlated with CLDI?
- Based on one year of daily returns, the stocks most correlated with Calidi Biotherapeutics, Inc. (CLDI) are OWLT (0.54), PROF (0.46) and INGM (0.42). 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 CLDI?
- Over the past year, the stocks most inversely correlated with Calidi Biotherapeutics, Inc. (CLDI) are PRSO (-0.38), USO (-0.35) and VXX (-0.34). 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 CLDI correlations calculated?
- We compute the correlation of daily returns between CLDI 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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