Impact BioMedical, Inc. (IBO) — Stock Correlations & Overview
Over the past year, IBO has moved most closely with ANNA, MGLD, ANNAW. Explore the stocks most correlated and inversely correlated with IBO below, along with its price, financials, and company profile.
Stocks correlated with IBO
Correlation of daily returns. Higher positive values move with IBO; negative values move opposite it. Informational only, not investment advice.
Most correlated with IBO
| Symbol | Company | Correlation |
|---|---|---|
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | 0.40 |
| MGLD | The Marygold Companies, Inc.FINANCE SERVICES | 0.35 |
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | 0.33 |
| HEPS | D-Market Electronic Services & Trading American Depositary Shares | 0.32 |
| GBR | New Concept Energy IncCRUDE PETROLEUM & NATURAL GAS | 0.31 |
Most inversely correlated with IBO
| Symbol | Company | Correlation |
|---|---|---|
| IAGG | iShares Core International Aggregate Bond Fund | -0.45 |
| FLIA | Franklin International Aggregate Bond ETF | -0.40 |
| NFRA | Northern Trust STOXX Global Broad Infrastructure ETF | -0.35 |
| MGRX | Mangoceuticals, Inc. Common StockSERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.34 |
| MULT | Franklin Multisector Income ETFBLANK CHECKS | -0.33 |
Frequently asked questions about IBO correlations
- Which stocks are most correlated with IBO?
- Based on one year of daily returns, the stocks most correlated with Impact BioMedical, Inc. (IBO) are ANNA (0.40), MGLD (0.35) and ANNAW (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 IBO?
- Over the past year, the stocks most inversely correlated with Impact BioMedical, Inc. (IBO) are IAGG (-0.45), FLIA (-0.40) and NFRA (-0.35). 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 IBO correlations calculated?
- We compute the correlation of daily returns between IBO 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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