Hinge Health, Inc. (HNGE) — Stock Correlations & Overview
Over the past year, HNGE has moved most closely with OMDA, EKG, HEAL. Explore the stocks most correlated and inversely correlated with HNGE below, along with its price, financials, and company profile.
Stocks correlated with HNGE
Correlation of daily returns. Higher positive values move with HNGE; negative values move opposite it. Informational only, not investment advice.
Most correlated with HNGE
| Symbol | Company | Correlation |
|---|---|---|
| OMDA | Omada Health, Inc. Common StockSERVICES-HEALTH SERVICES | 0.54 |
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.44 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.43 |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 0.42 |
| WCBR | WisdomTree Cybersecurity Fund | 0.42 |
Most inversely correlated with HNGE
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.35 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.33 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.29 |
| MTC | MMTec, Inc. Common Shares | -0.28 |
Frequently asked questions about HNGE correlations
- Which stocks are most correlated with HNGE?
- Based on one year of daily returns, the stocks most correlated with Hinge Health, Inc. (HNGE) are OMDA (0.54), EKG (0.44) and HEAL (0.43). 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 HNGE?
- Over the past year, the stocks most inversely correlated with Hinge Health, Inc. (HNGE) are SARK (-0.35), WEBS (-0.35) and PALD (-0.33). 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 HNGE correlations calculated?
- We compute the correlation of daily returns between HNGE 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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