CollPlant Biotechnologies Ltd Ordinary Shares (CLGN) — Stock Correlations & Overview
Over the past year, CLGN has moved most closely with RAL, KE, SCSC. Explore the stocks most correlated and inversely correlated with CLGN below, along with its price, financials, and company profile.
Stocks correlated with CLGN
Correlation of daily returns. Higher positive values move with CLGN; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLGN
| Symbol | Company | Correlation |
|---|---|---|
| RAL | Ralliant CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.45 |
| KE | Kimball Electronics, Inc.PRINTED CIRCUIT BOARDS | 0.41 |
| SCSC | Scansource IncWHOLESALE-COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE | 0.34 |
| GEOS | Geospace Technologies Corporation Common StockMEASURING & CONTROLLING DEVICES, NEC | 0.34 |
| BCCC | Global X Bitcoin Covered Call ETF | 0.33 |
Most inversely correlated with CLGN
| Symbol | Company | Correlation |
|---|---|---|
| MCK | McKesson CorporationWHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES | -0.35 |
| ENSG | The Ensign Group, Inc.SERVICES-SKILLED NURSING CARE FACILITIES | -0.30 |
| BITI | ProShares Short Bitcoin ETF | -0.25 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.24 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.24 |
Frequently asked questions about CLGN correlations
- Which stocks are most correlated with CLGN?
- Based on one year of daily returns, the stocks most correlated with CollPlant Biotechnologies Ltd Ordinary Shares (CLGN) are RAL (0.45), KE (0.41) and SCSC (0.34). 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 CLGN?
- Over the past year, the stocks most inversely correlated with CollPlant Biotechnologies Ltd Ordinary Shares (CLGN) are MCK (-0.35), ENSG (-0.30) and BITI (-0.25). 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 CLGN correlations calculated?
- We compute the correlation of daily returns between CLGN 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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