Delcath Systems Inc (DCTH) — Stock Correlations & Overview
Over the past year, DCTH has moved most closely with IBRN, QQQS, LABU. Explore the stocks most correlated and inversely correlated with DCTH below, along with its price, financials, and company profile.
Stocks correlated with DCTH
Correlation of daily returns. Higher positive values move with DCTH; negative values move opposite it. Informational only, not investment advice.
Most correlated with DCTH
| Symbol | Company | Correlation |
|---|---|---|
| IBRN | iShares Neuroscience and Healthcare ETF | 0.46 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.43 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.43 |
| XBI | State Street SPDR S&P Biotech ETF | 0.43 |
| PSCH | Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE | 0.42 |
Most inversely correlated with DCTH
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.42 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.39 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.38 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.37 |
| TWM | ProShares UltraShort Russell2000 | -0.37 |
Frequently asked questions about DCTH correlations
- Which stocks are most correlated with DCTH?
- Based on one year of daily returns, the stocks most correlated with Delcath Systems Inc (DCTH) are IBRN (0.46), QQQS (0.43) and LABU (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 DCTH?
- Over the past year, the stocks most inversely correlated with Delcath Systems Inc (DCTH) are LABD (-0.42), SARK (-0.39) and BIS (-0.38). 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 DCTH correlations calculated?
- We compute the correlation of daily returns between DCTH 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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