Fennec Pharmaceuticals Inc. Common Stock (FENC) — Stock Correlations & Overview
Over the past year, FENC has moved most closely with CPA, BBP, COYA. Explore the stocks most correlated and inversely correlated with FENC below, along with its price, financials, and company profile.
Stocks correlated with FENC
Correlation of daily returns. Higher positive values move with FENC; negative values move opposite it. Informational only, not investment advice.
Most correlated with FENC
| Symbol | Company | Correlation |
|---|---|---|
| CPA | Copa Holdings, S.A. | 0.37 |
| BBP | Virtus Biotech ETF | 0.34 |
| COYA | Coya Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.34 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.34 |
| RDGT | Ridgetech, Inc. Ordinary Shares | 0.34 |
Most inversely correlated with FENC
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.33 |
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.32 |
| TDIC | Dreamland Limited Class A Ordinary Shares | -0.30 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.30 |
| CF | CF Industries Holding, Inc.AGRICULTURAL CHEMICALS | -0.30 |
Frequently asked questions about FENC correlations
- Which stocks are most correlated with FENC?
- Based on one year of daily returns, the stocks most correlated with Fennec Pharmaceuticals Inc. Common Stock (FENC) are CPA (0.37), BBP (0.34) and COYA (0.34). 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 FENC?
- Over the past year, the stocks most inversely correlated with Fennec Pharmaceuticals Inc. Common Stock (FENC) are LABD (-0.33), ANNA (-0.32) and TDIC (-0.30). 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 FENC correlations calculated?
- We compute the correlation of daily returns between FENC 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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