Elutia Inc. Class A Common Stock (ELUT) — Stock Correlations & Overview
Over the past year, ELUT has moved most closely with XAIR, RNAC, MANI. Explore the stocks most correlated and inversely correlated with ELUT below, along with its price, financials, and company profile.
Stocks correlated with ELUT
Correlation of daily returns. Higher positive values move with ELUT; negative values move opposite it. Informational only, not investment advice.
Most correlated with ELUT
| Symbol | Company | Correlation |
|---|---|---|
| XAIR | Beyond Air, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.30 |
| RNAC | Cartesian Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| MANI | Man Active Income ETF | 0.27 |
| IRDM | Iridium Communications Inc.COMMUNICATIONS SERVICES, NEC | 0.25 |
| MHY | Man Active High Yield ETF | 0.24 |
Most inversely correlated with ELUT
| Symbol | Company | Correlation |
|---|---|---|
| CWD | CaliberCos Inc. Class A Common StockREAL ESTATE | -0.24 |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | -0.24 |
| KTN | Structured Products CorTS Aon Capital A, 8.205% Cert.ASSET-BACKED SECURITIES | -0.22 |
| XFLX | FundX Flexible ETF | -0.19 |
| SAIH | SAIHEAT Limited Class A Ordinary SharesSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.18 |
Frequently asked questions about ELUT correlations
- Which stocks are most correlated with ELUT?
- Based on one year of daily returns, the stocks most correlated with Elutia Inc. Class A Common Stock (ELUT) are XAIR (0.30), RNAC (0.27) and MANI (0.27). 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 ELUT?
- Over the past year, the stocks most inversely correlated with Elutia Inc. Class A Common Stock (ELUT) are CWD (-0.24), KCCA (-0.24) and KTN (-0.22). 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 ELUT correlations calculated?
- We compute the correlation of daily returns between ELUT 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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