Ensysce Biosciences, Inc. Common Stock (ENSC) — Stock Correlations & Overview
Over the past year, ENSC has moved most closely with ARLO, MGNI, AMIX. Explore the stocks most correlated and inversely correlated with ENSC below, along with its price, financials, and company profile.
Stocks correlated with ENSC
Correlation of daily returns. Higher positive values move with ENSC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ENSC
| Symbol | Company | Correlation |
|---|---|---|
| ARLO | Arlo Technologies, Inc.SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES | 0.36 |
| MGNI | Magnite, Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.31 |
| AMIX | Autonomix Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.30 |
| PRAA | PRA Group, Inc.SHORT-TERM BUSINESS CREDIT INSTITUTIONS | 0.28 |
| CAI | Caris Life Sciences, Inc. Common StockSERVICES-MEDICAL LABORATORIES | 0.28 |
Most inversely correlated with ENSC
| Symbol | Company | Correlation |
|---|---|---|
| XPOF | Xponential Fitness, Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | -0.28 |
| YXT | YXT.COM GROUP HOLDING LIMITED American Depository Shares | -0.28 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.28 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.26 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.25 |
Frequently asked questions about ENSC correlations
- Which stocks are most correlated with ENSC?
- Based on one year of daily returns, the stocks most correlated with Ensysce Biosciences, Inc. Common Stock (ENSC) are ARLO (0.36), MGNI (0.31) and AMIX (0.30). 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 ENSC?
- Over the past year, the stocks most inversely correlated with Ensysce Biosciences, Inc. Common Stock (ENSC) are XPOF (-0.28), YXT (-0.28) and PLTZ (-0.28). 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 ENSC correlations calculated?
- We compute the correlation of daily returns between ENSC 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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