Gyre Therapeutics, Inc. Common Stock (GYRE) — Stock Correlations & Overview
Over the past year, GYRE has moved most closely with IDNA, BBP, PILL. Explore the stocks most correlated and inversely correlated with GYRE below, along with its price, financials, and company profile.
Stocks correlated with GYRE
Correlation of daily returns. Higher positive values move with GYRE; negative values move opposite it. Informational only, not investment advice.
Most correlated with GYRE
| Symbol | Company | Correlation |
|---|---|---|
| IDNA | iShares Genomics Immunology and Healthcare ETF | 0.42 |
| BBP | Virtus Biotech ETF | 0.41 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.41 |
| WDNA | WisdomTree BioRevolution Fund | 0.40 |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 0.40 |
Most inversely correlated with GYRE
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.39 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.38 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.36 |
| SJB | ProShares Short High Yield | -0.35 |
Frequently asked questions about GYRE correlations
- Which stocks are most correlated with GYRE?
- Based on one year of daily returns, the stocks most correlated with Gyre Therapeutics, Inc. Common Stock (GYRE) are IDNA (0.42), BBP (0.41) and PILL (0.41). 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 GYRE?
- Over the past year, the stocks most inversely correlated with Gyre Therapeutics, Inc. Common Stock (GYRE) are LABD (-0.39), BIS (-0.38) and SARK (-0.36). 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 GYRE correlations calculated?
- We compute the correlation of daily returns between GYRE 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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