Edesa Biotech, Inc. Common Shares (EDSA) — Stock Correlations & Overview
Over the past year, EDSA has moved most closely with MOBX, ANTX, SYNX. Explore the stocks most correlated and inversely correlated with EDSA below, along with its price, financials, and company profile.
Stocks correlated with EDSA
Correlation of daily returns. Higher positive values move with EDSA; negative values move opposite it. Informational only, not investment advice.
Most correlated with EDSA
| Symbol | Company | Correlation |
|---|---|---|
| MOBX | Mobix Labs, Inc. Class A Common StockSEMICONDUCTORS & RELATED DEVICES | 0.33 |
| ANTX | AN2 Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| SYNX | Silynxcom Ltd. | 0.26 |
| CRE | Cre8 Enterprise Limited Class A Ordinary Shares | 0.23 |
| BATL | Battalion Oil CorporationCRUDE PETROLEUM & NATURAL GAS | 0.23 |
Most inversely correlated with EDSA
| Symbol | Company | Correlation |
|---|---|---|
| CMPX | Compass Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.25 |
| CLDI | Calidi Biotherapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.24 |
| DMA | Destra Multi-Alternative Fund | -0.24 |
| TBPH | Theravance Biopharma, Inc.PHARMACEUTICAL PREPARATIONS | -0.23 |
| OMAB | Grupo Aeroportuario del Centro Norte S.A.B. de C.V | -0.23 |
Frequently asked questions about EDSA correlations
- Which stocks are most correlated with EDSA?
- Based on one year of daily returns, the stocks most correlated with Edesa Biotech, Inc. Common Shares (EDSA) are MOBX (0.33), ANTX (0.28) and SYNX (0.26). 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 EDSA?
- Over the past year, the stocks most inversely correlated with Edesa Biotech, Inc. Common Shares (EDSA) are CMPX (-0.25), CLDI (-0.24) and DMA (-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 EDSA correlations calculated?
- We compute the correlation of daily returns between EDSA 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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