Illumina Inc (ILMN) — Stock Correlations & Overview
Over the past year, ILMN has moved most closely with ARKG, FBT, TXG. Explore the stocks most correlated and inversely correlated with ILMN below, along with its price, financials, and company profile.
Stocks correlated with ILMN
Correlation of daily returns. Higher positive values move with ILMN; negative values move opposite it. Informational only, not investment advice.
Most correlated with ILMN
| Symbol | Company | Correlation |
|---|---|---|
| ARKG | ARK Genomic Revolution ETF | 0.52 |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 0.52 |
| TXG | 10x Genomics, Inc. Class A Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.51 |
| PACB | Pacific Biosciences of California, Inc.LABORATORY ANALYTICAL INSTRUMENTS | 0.51 |
| PBE | Invesco Biotechnology & Genome ETF | 0.50 |
Most inversely correlated with ILMN
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.37 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.37 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.30 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.28 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.28 |
Frequently asked questions about ILMN correlations
- Which stocks are most correlated with ILMN?
- Based on one year of daily returns, the stocks most correlated with Illumina Inc (ILMN) are ARKG (0.52), FBT (0.52) and TXG (0.51). 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 ILMN?
- Over the past year, the stocks most inversely correlated with Illumina Inc (ILMN) are SARK (-0.37), BIS (-0.37) and WEBS (-0.30). 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 ILMN correlations calculated?
- We compute the correlation of daily returns between ILMN 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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