Which stocks are most correlated with HBIO?

Based on one year of daily returns, the stocks most correlated with Harvard Bioscience Inc (HBIO) are INTS (0.42), GH (0.34) and IMVT (0.33). 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 HBIO?

Over the past year, the stocks most inversely correlated with Harvard Bioscience Inc (HBIO) are SFM (-0.27), RWM (-0.26) and SRTY (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Harvard Bioscience Inc (HBIO) — Stock Correlations & Overview

Over the past year, HBIO has moved most closely with INTS, GH, IMVT. Explore the stocks most correlated and inversely correlated with HBIO below, along with its price, financials, and company profile.

Stocks correlated with HBIO

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

Most correlated with HBIO

Symbol	Company	Correlation
INTS	Intensity Therapeutics, Inc. Common stockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.42
GH	Guardant Health, Inc. Common StockSERVICES-MEDICAL LABORATORIES	0.34
IMVT	Immunovant, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.33
INDV	Indivior Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.33
XPH	State Street SPDR S&P Pharmaceuticals ETF	0.32

Most inversely correlated with HBIO

Symbol	Company	Correlation
SFM	Sprouts Farmers Market, Inc.RETAIL-GROCERY STORES	-0.27
RWM	ProShares Short Russell2000	-0.26
SRTY	ProShares UltraPro Short Russell2000	-0.26
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.26
TWM	ProShares UltraShort Russell2000	-0.26

Frequently asked questions about HBIO correlations

Which stocks are most correlated with HBIO?: Based on one year of daily returns, the stocks most correlated with Harvard Bioscience Inc (HBIO) are INTS (0.42), GH (0.34) and IMVT (0.33). 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 HBIO?: Over the past year, the stocks most inversely correlated with Harvard Bioscience Inc (HBIO) are SFM (-0.27), RWM (-0.26) and SRTY (-0.26). 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 HBIO correlations calculated?: We compute the correlation of daily returns between HBIO 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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