InflaRx N.V. Common Stock (IFRX) — Stock Correlations & Overview
Over the past year, IFRX has moved most closely with LFSC, QQQS, BBC. Explore the stocks most correlated and inversely correlated with IFRX below, along with its price, financials, and company profile.
Stocks correlated with IFRX
Correlation of daily returns. Higher positive values move with IFRX; negative values move opposite it. Informational only, not investment advice.
Most correlated with IFRX
| Symbol | Company | Correlation |
|---|---|---|
| LFSC | F/m Emerald Life Sciences Innovation ETF | 0.42 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.40 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.39 |
| KURA | Kura Oncology, Inc.PHARMACEUTICAL PREPARATIONS | 0.38 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.36 |
Most inversely correlated with IFRX
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.32 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.32 |
| RWM | ProShares Short Russell2000 | -0.32 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.32 |
Frequently asked questions about IFRX correlations
- Which stocks are most correlated with IFRX?
- Based on one year of daily returns, the stocks most correlated with InflaRx N.V. Common Stock (IFRX) are LFSC (0.42), QQQS (0.40) and BBC (0.39). 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 IFRX?
- Over the past year, the stocks most inversely correlated with InflaRx N.V. Common Stock (IFRX) are LABD (-0.36), SARK (-0.32) and TZA (-0.32). 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 IFRX correlations calculated?
- We compute the correlation of daily returns between IFRX 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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