Fate Therapeutics, Inc. (FATE) — Stock Correlations & Overview
Over the past year, FATE has moved most closely with QQQS, BBC, IWC. Explore the stocks most correlated and inversely correlated with FATE below, along with its price, financials, and company profile.
Stocks correlated with FATE
Correlation of daily returns. Higher positive values move with FATE; negative values move opposite it. Informational only, not investment advice.
Most correlated with FATE
| Symbol | Company | Correlation |
|---|---|---|
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.45 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.42 |
| IWC | iShares Micro-Cap ETF | 0.42 |
| NKTX | Nkarta, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.42 |
| WDNA | WisdomTree BioRevolution Fund | 0.40 |
Most inversely correlated with FATE
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.39 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.35 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.32 |
| RWM | ProShares Short Russell2000 | -0.32 |
Frequently asked questions about FATE correlations
- Which stocks are most correlated with FATE?
- Based on one year of daily returns, the stocks most correlated with Fate Therapeutics, Inc. (FATE) are QQQS (0.45), BBC (0.42) and IWC (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 FATE?
- Over the past year, the stocks most inversely correlated with Fate Therapeutics, Inc. (FATE) are LABD (-0.39), BIS (-0.35) and SARK (-0.33). 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 FATE correlations calculated?
- We compute the correlation of daily returns between FATE 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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