GT Biopharma Inc. Common Stock (GTBP) — Stock Correlations & Overview
Over the past year, GTBP has moved most closely with XBIO, SCWO, VNTG. Explore the stocks most correlated and inversely correlated with GTBP below, along with its price, financials, and company profile.
Stocks correlated with GTBP
Correlation of daily returns. Higher positive values move with GTBP; negative values move opposite it. Informational only, not investment advice.
Most correlated with GTBP
| Symbol | Company | Correlation |
|---|---|---|
| XBIO | Xenetic Biosciences, Inc.PHARMACEUTICAL PREPARATIONS | 0.29 |
| SCWO | 374Water Inc. Common StockMOTORS & GENERATORS | 0.29 |
| VNTG | Vantage Corp | 0.28 |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.28 |
| SKYX | SKYX Platforms Corp. Common StockELECTRIC LIGHTING & WIRING EQUIPMENT | 0.28 |
Most inversely correlated with GTBP
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.25 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.24 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.22 |
| CSCS | Direxion Daily CSCO Bear 1X ETF | -0.22 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.21 |
Frequently asked questions about GTBP correlations
- Which stocks are most correlated with GTBP?
- Based on one year of daily returns, the stocks most correlated with GT Biopharma Inc. Common Stock (GTBP) are XBIO (0.29), SCWO (0.29) and VNTG (0.28). 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 GTBP?
- Over the past year, the stocks most inversely correlated with GT Biopharma Inc. Common Stock (GTBP) are RGTZ (-0.25), TSMZ (-0.24) and SARK (-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 GTBP correlations calculated?
- We compute the correlation of daily returns between GTBP 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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