Elme Communities (ELME) — Stock Correlations & Overview
Over the past year, ELME has moved most closely with CRMD, IMRX, ACRV. Explore the stocks most correlated and inversely correlated with ELME below, along with its price, financials, and company profile.
Stocks correlated with ELME
Correlation of daily returns. Higher positive values move with ELME; negative values move opposite it. Informational only, not investment advice.
Most correlated with ELME
| Symbol | Company | Correlation |
|---|---|---|
| CRMD | CorMedix Inc.PHARMACEUTICAL PREPARATIONS | 0.60 |
| IMRX | Immuneering Corporation Class A Common StockPHARMACEUTICAL PREPARATIONS | 0.58 |
| ACRV | Acrivon Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.45 |
| RGP | Resources ConnectionSERVICES-BUSINESS SERVICES, NEC | 0.36 |
| TFX | Teleflex IncorporatedSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.34 |
Most inversely correlated with ELME
| Symbol | Company | Correlation |
|---|---|---|
| FLYX | flyExclusive, Inc.AIR TRANSPORTATION, NONSCHEDULED | -0.56 |
| ELVN | Enliven Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.52 |
| NEOG | Neogen CorpIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES | -0.46 |
| ACON | Aclarion, Inc. Common StockSERVICES-MEDICAL LABORATORIES | -0.36 |
| CGTL | Creative Global Technology Holdings Limited Class A Ordinary Shares | -0.33 |
Frequently asked questions about ELME correlations
- Which stocks are most correlated with ELME?
- Based on one year of daily returns, the stocks most correlated with Elme Communities (ELME) are CRMD (0.60), IMRX (0.58) and ACRV (0.45). 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 ELME?
- Over the past year, the stocks most inversely correlated with Elme Communities (ELME) are FLYX (-0.56), ELVN (-0.52) and NEOG (-0.46). 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 ELME correlations calculated?
- We compute the correlation of daily returns between ELME 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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