CytomX Therapeutics, Inc. (CTMX) — Stock Correlations & Overview
Over the past year, CTMX has moved most closely with BBC, CANC, PTH. Explore the stocks most correlated and inversely correlated with CTMX below, along with its price, financials, and company profile.
Stocks correlated with CTMX
Correlation of daily returns. Higher positive values move with CTMX; negative values move opposite it. Informational only, not investment advice.
Most correlated with CTMX
| Symbol | Company | Correlation |
|---|---|---|
| BBC | Virtus Biotech Clinical Trials ETF | 0.45 |
| CANC | Tema Oncology ETF | 0.44 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.43 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.43 |
| XBI | State Street SPDR S&P Biotech ETF | 0.42 |
Most inversely correlated with CTMX
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.42 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.39 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.29 |
| RWM | ProShares Short Russell2000 | -0.29 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
Frequently asked questions about CTMX correlations
- Which stocks are most correlated with CTMX?
- Based on one year of daily returns, the stocks most correlated with CytomX Therapeutics, Inc. (CTMX) are BBC (0.45), CANC (0.44) and PTH (0.43). 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 CTMX?
- Over the past year, the stocks most inversely correlated with CytomX Therapeutics, Inc. (CTMX) are LABD (-0.42), BIS (-0.39) and VXX (-0.29). 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 CTMX correlations calculated?
- We compute the correlation of daily returns between CTMX 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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