DiaMedica Therapeutics Inc. Common Stock (DMAC) — Stock Correlations & Overview
Over the past year, DMAC has moved most closely with IWC, PTH, QQQS. Explore the stocks most correlated and inversely correlated with DMAC below, along with its price, financials, and company profile.
Stocks correlated with DMAC
Correlation of daily returns. Higher positive values move with DMAC; negative values move opposite it. Informational only, not investment advice.
Most correlated with DMAC
| Symbol | Company | Correlation |
|---|---|---|
| IWC | iShares Micro-Cap ETF | 0.49 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.49 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.48 |
| LFSC | F/m Emerald Life Sciences Innovation ETF | 0.48 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.47 |
Frequently asked questions about DMAC correlations
- Which stocks are most correlated with DMAC?
- Based on one year of daily returns, the stocks most correlated with DiaMedica Therapeutics Inc. Common Stock (DMAC) are IWC (0.49), PTH (0.49) and QQQS (0.48). 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 DMAC?
- Over the past year, the stocks most inversely correlated with DiaMedica Therapeutics Inc. Common Stock (DMAC) are LABD (-0.45), SRTY (-0.43) and TWM (-0.43). 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 DMAC correlations calculated?
- We compute the correlation of daily returns between DMAC 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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