Evaxion A/S American Depositary Share (EVAX) — Stock Correlations & Overview

Over the past year, EVAX has moved most closely with COOT, OMER, GNPX. Explore the stocks most correlated and inversely correlated with EVAX below, along with its price, financials, and company profile.

Stocks correlated with EVAX

Correlation of daily returns. Higher positive values move with EVAX; negative values move opposite it. Informational only, not investment advice.

Most correlated with EVAX

SymbolCompanyCorrelation
COOTAustralian Oilseeds Holdings Limited Ordinary SharesFATS & OILS0.44
OMEROmeros CorporationPHARMACEUTICAL PREPARATIONS0.37
GNPXGenprex, Inc. Common StockPHARMACEUTICAL PREPARATIONS0.35
LACLithium Americas Corp.METAL MINING0.34
RXRXRecursion Pharmaceuticals, Inc. Class A Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)0.34

Most inversely correlated with EVAX

SymbolCompanyCorrelation
SLTYYieldMax Ultra Short Option Income Strategy ETF-0.25
QBTZDefiance Daily Target 2x Short QBTS ETF-0.23
SRTYProShares UltraPro Short Russell2000-0.23
TWMProShares UltraShort Russell2000-0.23
RWMProShares Short Russell2000-0.23

Frequently asked questions about EVAX correlations

Which stocks are most correlated with EVAX?
Based on one year of daily returns, the stocks most correlated with Evaxion A/S American Depositary Share (EVAX) are COOT (0.44), OMER (0.37) and GNPX (0.35). 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 EVAX?
Over the past year, the stocks most inversely correlated with Evaxion A/S American Depositary Share (EVAX) are SLTY (-0.25), QBTZ (-0.23) and SRTY (-0.23). 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 EVAX correlations calculated?
We compute the correlation of daily returns between EVAX 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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