HCW Biologics Inc. Common Stock (HCWB) — Stock Correlations & Overview
Over the past year, HCWB has moved most closely with PIII, MRNO, BZFD. Explore the stocks most correlated and inversely correlated with HCWB below, along with its price, financials, and company profile.
Stocks correlated with HCWB
Correlation of daily returns. Higher positive values move with HCWB; negative values move opposite it. Informational only, not investment advice.
Most correlated with HCWB
| Symbol | Company | Correlation |
|---|---|---|
| PIII | P3 Health Partners Inc. Common StockSERVICES-HEALTH SERVICES | 0.34 |
| MRNO | Murano Global Investments PLC Ordinary Shares | 0.31 |
| BZFD | BuzzFeed, Inc. Class A Common StockCOMMUNICATIONS SERVICES, NEC | 0.26 |
| XRTX | XORTX Therapeutics Inc. Common Stock | 0.24 |
| ENPH | Enphase Energy, Inc.SEMICONDUCTORS & RELATED DEVICES | 0.23 |
Most inversely correlated with HCWB
| Symbol | Company | Correlation |
|---|---|---|
| LICN | Lichen China Limited Class A Ordinary Shares | -0.29 |
| FKWL | Franklin Wireless Corp. Common StockTELEPHONE & TELEGRAPH APPARATUS | -0.28 |
| SAY | Saratoga Investment Corp. 8.125% Notes due 2027 | -0.24 |
| SAZ | Saratoga Investment Corp. 8.50% Notes due 2028 | -0.24 |
| ZENA | ZenaTech, Inc. Common Stock | -0.23 |
Frequently asked questions about HCWB correlations
- Which stocks are most correlated with HCWB?
- Based on one year of daily returns, the stocks most correlated with HCW Biologics Inc. Common Stock (HCWB) are PIII (0.34), MRNO (0.31) and BZFD (0.26). 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 HCWB?
- Over the past year, the stocks most inversely correlated with HCW Biologics Inc. Common Stock (HCWB) are LICN (-0.29), FKWL (-0.28) and SAY (-0.24). 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 HCWB correlations calculated?
- We compute the correlation of daily returns between HCWB 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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