Which stocks are most correlated with CODX?

Based on one year of daily returns, the stocks most correlated with Co-Diagnostics, Inc. Common Stock (CODX) are RNA (0.36), TGS (0.31) and DYN (0.31). 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 CODX?

Over the past year, the stocks most inversely correlated with Co-Diagnostics, Inc. Common Stock (CODX) are DXR (-0.32), QCMD (-0.27) and MI (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Co-Diagnostics, Inc. Common Stock (CODX) — Stock Correlations & Overview

Over the past year, CODX has moved most closely with RNA, TGS, DYN. Explore the stocks most correlated and inversely correlated with CODX below, along with its price, financials, and company profile.

Stocks correlated with CODX

Correlation of daily returns. Higher positive values move with CODX; negative values move opposite it. Informational only, not investment advice.

Most correlated with CODX

Symbol	Company	Correlation
RNA	Atrium Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.36
TGS	Transportadora de Gas del Sur S.A. ADS	0.31
DYN	Dyne Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.31
TEO	Telecom Argentina S.A.	0.30
LOMA	Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares	0.30

Most inversely correlated with CODX

Symbol	Company	Correlation
DXR	Daxor Corporation Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.32
QCMD	Direxion Daily QCOM Bear 1X ETF	-0.27
MI	NFT Limited	-0.24
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.23
NTLA	Intellia Therapeutics, IncIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES	-0.23

Frequently asked questions about CODX correlations

Which stocks are most correlated with CODX?: Based on one year of daily returns, the stocks most correlated with Co-Diagnostics, Inc. Common Stock (CODX) are RNA (0.36), TGS (0.31) and DYN (0.31). 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 CODX?: Over the past year, the stocks most inversely correlated with Co-Diagnostics, Inc. Common Stock (CODX) are DXR (-0.32), QCMD (-0.27) and MI (-0.24). 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 CODX correlations calculated?: We compute the correlation of daily returns between CODX 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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