FibroBiologics, Inc. Common Stock (FBLG) — Stock Correlations & Overview
Over the past year, FBLG has moved most closely with GBR, PMN, IMCC. Explore the stocks most correlated and inversely correlated with FBLG below, along with its price, financials, and company profile.
Stocks correlated with FBLG
Correlation of daily returns. Higher positive values move with FBLG; negative values move opposite it. Informational only, not investment advice.
Most correlated with FBLG
| Symbol | Company | Correlation |
|---|---|---|
| GBR | New Concept Energy IncCRUDE PETROLEUM & NATURAL GAS | 0.28 |
| PMN | ProMIS Neurosciences Inc. Common Shares (ON)PHARMACEUTICAL PREPARATIONS | 0.27 |
| IMCC | IM Cannabis Corp. Common Shares | 0.27 |
| APOC | Innovator Equity Defined Protection ETF - 6mo Apr/Oct | 0.27 |
| SVC | Service Properties Trust Common StockREAL ESTATE INVESTMENT TRUSTS | 0.27 |
Most inversely correlated with FBLG
| Symbol | Company | Correlation |
|---|---|---|
| BFRG | Bullfrog AI Holdings, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.32 |
| ELAB | PMGC Holdings Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.23 |
| TVC | Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028ELECTRIC SERVICES | -0.22 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.20 |
| FBYD | Falcon's Beyond Global, Inc. Class A Common StockSERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | -0.20 |
Frequently asked questions about FBLG correlations
- Which stocks are most correlated with FBLG?
- Based on one year of daily returns, the stocks most correlated with FibroBiologics, Inc. Common Stock (FBLG) are GBR (0.28), PMN (0.27) and IMCC (0.27). 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 FBLG?
- Over the past year, the stocks most inversely correlated with FibroBiologics, Inc. Common Stock (FBLG) are BFRG (-0.32), ELAB (-0.23) and TVC (-0.22). 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 FBLG correlations calculated?
- We compute the correlation of daily returns between FBLG 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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