CorMedix Inc. (CRMD) — Stock Correlations & Overview
Over the past year, CRMD has moved most closely with ELME, IMRX, ACRV. Explore the stocks most correlated and inversely correlated with CRMD below, along with its price, financials, and company profile.
Stocks correlated with CRMD
Correlation of daily returns. Higher positive values move with CRMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRMD
| Symbol | Company | Correlation |
|---|---|---|
| ELME | Elme CommunitiesREAL ESTATE INVESTMENT TRUSTS | 0.60 |
| IMRX | Immuneering Corporation Class A Common StockPHARMACEUTICAL PREPARATIONS | 0.43 |
| ACRV | Acrivon Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.41 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.34 |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 0.34 |
Most inversely correlated with CRMD
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.30 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.29 |
| FLYX | flyExclusive, Inc.AIR TRANSPORTATION, NONSCHEDULED | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.26 |
Frequently asked questions about CRMD correlations
- Which stocks are most correlated with CRMD?
- Based on one year of daily returns, the stocks most correlated with CorMedix Inc. (CRMD) are ELME (0.60), IMRX (0.43) and ACRV (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 CRMD?
- Over the past year, the stocks most inversely correlated with CorMedix Inc. (CRMD) are LABD (-0.30), BIS (-0.29) and FLYX (-0.27). 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 CRMD correlations calculated?
- We compute the correlation of daily returns between CRMD 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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