Drugs Made In America Acquisition Corp. Rights (DMAAR) — Stock Correlations & Overview
Over the past year, DMAAR has moved most closely with UTZ, CPHI, MNKD. Explore the stocks most correlated and inversely correlated with DMAAR below, along with its price, financials, and company profile.
Stocks correlated with DMAAR
Correlation of daily returns. Higher positive values move with DMAAR; negative values move opposite it. Informational only, not investment advice.
Most correlated with DMAAR
| Symbol | Company | Correlation |
|---|---|---|
| UTZ | Utz Brands, Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | 0.35 |
| CPHI | China Pharma Holdings, Inc.PHARMACEUTICAL PREPARATIONS | 0.30 |
| MNKD | Mannkind CorporationPHARMACEUTICAL PREPARATIONS | 0.24 |
| FMS | Fresenius Medical Care AG | 0.24 |
| SKK | SKK Holdings Limited Class A Ordinary Shares | 0.24 |
Most inversely correlated with DMAAR
| Symbol | Company | Correlation |
|---|---|---|
| CLBK | Columbia Financial, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED | -0.31 |
| OXLCN | Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | -0.27 |
| EZGO | EZGO Technologies Ltd. Ordinary Shares | -0.25 |
| APUS | Apimeds Pharmaceuticals US, Inc.PHARMACEUTICAL PREPARATIONS | -0.23 |
| JAGX | Jaguar Health, Inc.PHARMACEUTICAL PREPARATIONS | -0.23 |
Frequently asked questions about DMAAR correlations
- Which stocks are most correlated with DMAAR?
- Based on one year of daily returns, the stocks most correlated with Drugs Made In America Acquisition Corp. Rights (DMAAR) are UTZ (0.35), CPHI (0.30) and MNKD (0.24). 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 DMAAR?
- Over the past year, the stocks most inversely correlated with Drugs Made In America Acquisition Corp. Rights (DMAAR) are CLBK (-0.31), OXLCN (-0.27) and EZGO (-0.25). 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 DMAAR correlations calculated?
- We compute the correlation of daily returns between DMAAR 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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