Which stocks are most correlated with GKOS?

Based on one year of daily returns, the stocks most correlated with Glaukos Corporation (GKOS) are PSCH (0.41), XHE (0.41) and HTEC (0.40). 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 GKOS?

Over the past year, the stocks most inversely correlated with Glaukos Corporation (GKOS) are EPV (-0.30), SDD (-0.28) and SMDD (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Glaukos Corporation (GKOS) — Stock Correlations & Overview

Over the past year, GKOS has moved most closely with PSCH, XHE, HTEC. Explore the stocks most correlated and inversely correlated with GKOS below, along with its price, financials, and company profile.

Stocks correlated with GKOS

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

Most correlated with GKOS

Symbol	Company	Correlation
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.41
XHE	State Street SPDR S&P Health Care Equipment ETF	0.41
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.40
MDEV	First Trust Indxx Medical Devices ETF	0.36
MMSI	Merit Medical Systems IncSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.35

Most inversely correlated with GKOS

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.30
SDD	ProShares UltraShort SmallCap600	-0.28
SMDD	ProShares UltraPro Short MidCap400	-0.28
GGLS	Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF	-0.28
MZZ	ProShares UltraShort MidCap400	-0.28

Frequently asked questions about GKOS correlations

Which stocks are most correlated with GKOS?: Based on one year of daily returns, the stocks most correlated with Glaukos Corporation (GKOS) are PSCH (0.41), XHE (0.41) and HTEC (0.40). 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 GKOS?: Over the past year, the stocks most inversely correlated with Glaukos Corporation (GKOS) are EPV (-0.30), SDD (-0.28) and SMDD (-0.28). 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 GKOS correlations calculated?: We compute the correlation of daily returns between GKOS 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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