Establishment Labs Holdings Inc. (ESTA) — Stock Correlations & Overview
Over the past year, ESTA has moved most closely with NPCE, PSCH, RZG. Explore the stocks most correlated and inversely correlated with ESTA below, along with its price, financials, and company profile.
Stocks correlated with ESTA
Correlation of daily returns. Higher positive values move with ESTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ESTA
| Symbol | Company | Correlation |
|---|---|---|
| NPCE | Neuropace, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.45 |
| PSCH | Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE | 0.44 |
| RZG | Invesco S&P SmallCap 600 Pure Growth ETF | 0.42 |
| PBE | Invesco Biotechnology & Genome ETF | 0.42 |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | 0.41 |
Frequently asked questions about ESTA correlations
- Which stocks are most correlated with ESTA?
- Based on one year of daily returns, the stocks most correlated with Establishment Labs Holdings Inc. (ESTA) are NPCE (0.45), PSCH (0.44) and RZG (0.42). 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 ESTA?
- Over the past year, the stocks most inversely correlated with Establishment Labs Holdings Inc. (ESTA) are SRTY (-0.40), TZA (-0.40) and TWM (-0.40). 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 ESTA correlations calculated?
- We compute the correlation of daily returns between ESTA 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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