Enanta Pharmaceuticals, Inc (ENTA) — Stock Correlations & Overview
Over the past year, ENTA has moved most closely with WOLF, TLRY, ACB. Explore the stocks most correlated and inversely correlated with ENTA below, along with its price, financials, and company profile.
Stocks correlated with ENTA
Correlation of daily returns. Higher positive values move with ENTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ENTA
| Symbol | Company | Correlation |
|---|---|---|
| WOLF | Wolfspeed, Inc.SEMICONDUCTORS & RELATED DEVICES | 0.69 |
| TLRY | Tilray Brands, Inc. Common StockMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.48 |
| ACB | Aurora Cannabis Inc. Common Shares | 0.47 |
| YCBD | cbdMD, Inc. Common StockPERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | 0.46 |
| VFF | Village Farms International, Inc. Common Shares | 0.44 |
Most inversely correlated with ENTA
| Symbol | Company | Correlation |
|---|---|---|
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.70 |
| KALA | KALA BIO, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.56 |
| MTEK | Maris-Tech Ltd. Ordinary Shares | -0.43 |
| PIFI | ClearShares Piton Intermediate Fixed Income ETF | -0.37 |
| EPOW | E-Power Inc. Class A Ordinary Shares | -0.34 |
Frequently asked questions about ENTA correlations
- Which stocks are most correlated with ENTA?
- Based on one year of daily returns, the stocks most correlated with Enanta Pharmaceuticals, Inc (ENTA) are WOLF (0.69), TLRY (0.48) and ACB (0.47). 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 ENTA?
- Over the past year, the stocks most inversely correlated with Enanta Pharmaceuticals, Inc (ENTA) are MLTX (-0.70), KALA (-0.56) and MTEK (-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 ENTA correlations calculated?
- We compute the correlation of daily returns between ENTA 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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