CVS HEALTH CORPORATION (CVS) — Stock Correlations & Overview
Over the past year, CVS has moved most closely with IHF, UNHG, UNH. Explore the stocks most correlated and inversely correlated with CVS below, along with its price, financials, and company profile.
Stocks correlated with CVS
Correlation of daily returns. Higher positive values move with CVS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CVS
| Symbol | Company | Correlation |
|---|---|---|
| IHF | iShares U.S. Healthcare Providers ETF | 0.73 |
| UNHG | Leverage Shares 2X Long UNH Daily ETF | 0.65 |
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.64 |
| ELV | Elevance Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | 0.54 |
| CI | The Cigna GroupHOSPITAL & MEDICAL SERVICE PLANS | 0.49 |
Most inversely correlated with CVS
| Symbol | Company | Correlation |
|---|---|---|
| SJ | Scienjoy Holding Corporation Class A Ordinary SharesSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.28 |
| GITS | Global Interactive Technologies, Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.27 |
| PHGE | BiomX Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.24 |
| RXD | ProShares UltraShort Health Care | -0.24 |
| XHLD | TEN Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | -0.22 |
Frequently asked questions about CVS correlations
- Which stocks are most correlated with CVS?
- Based on one year of daily returns, the stocks most correlated with CVS HEALTH CORPORATION (CVS) are IHF (0.73), UNHG (0.65) and UNH (0.64). 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 CVS?
- Over the past year, the stocks most inversely correlated with CVS HEALTH CORPORATION (CVS) are SJ (-0.28), GITS (-0.27) and PHGE (-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 CVS correlations calculated?
- We compute the correlation of daily returns between CVS 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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