Which stocks are most correlated with HALO?

Based on one year of daily returns, the stocks most correlated with Halozyme Therapeutics, Inc. (HALO) are FBT (0.53), BBH (0.51) and FXH (0.50). 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 HALO?

Over the past year, the stocks most inversely correlated with Halozyme Therapeutics, Inc. (HALO) are BIS (-0.46), RXD (-0.42) and CVRX (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

Halozyme Therapeutics, Inc. (HALO) — Stock Correlations & Overview

Over the past year, HALO has moved most closely with FBT, BBH, FXH. Explore the stocks most correlated and inversely correlated with HALO below, along with its price, financials, and company profile.

Stocks correlated with HALO

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

Most correlated with HALO

Symbol	Company	Correlation
FBT	First Trust NYSE Arca Biotechnology Index Fund	0.53
BBH	VanEck Biotech ETF	0.51
FXH	First Trust Health Care AlphaDEX Fund	0.50
FTXH	First Trust Nasdaq Pharmaceuticals ETF	0.49
PBE	Invesco Biotechnology & Genome ETF	0.49

Most inversely correlated with HALO

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.46
RXD	ProShares UltraShort Health Care	-0.42
CVRX	CVRx, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.42
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.36
TTDU	T-REX 2X Long TTD Daily Target ETF	-0.28

Frequently asked questions about HALO correlations

Which stocks are most correlated with HALO?: Based on one year of daily returns, the stocks most correlated with Halozyme Therapeutics, Inc. (HALO) are FBT (0.53), BBH (0.51) and FXH (0.50). 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 HALO?: Over the past year, the stocks most inversely correlated with Halozyme Therapeutics, Inc. (HALO) are BIS (-0.46), RXD (-0.42) and CVRX (-0.42). 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 HALO correlations calculated?: We compute the correlation of daily returns between HALO 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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