Intelligent Bio Solutions Inc. Common Stock (INBS) — Stock Correlations & Overview
Over the past year, INBS has moved most closely with AEI, AXSM, ECCV. Explore the stocks most correlated and inversely correlated with INBS below, along with its price, financials, and company profile.
Stocks correlated with INBS
Correlation of daily returns. Higher positive values move with INBS; negative values move opposite it. Informational only, not investment advice.
Most correlated with INBS
| Symbol | Company | Correlation |
|---|---|---|
| AEI | Alset Inc. Common Stock (TX)REAL ESTATE | 0.28 |
| AXSM | Axsome Therapeutics, IncPHARMACEUTICAL PREPARATIONS | 0.27 |
| ECCV | Eagle Point Credit Company 5.375% Notes due 2029 | 0.25 |
| ETO | Eaton Vance Tax-Advantaged Global Div Oppor. Fund | 0.23 |
| ANGH | Anghami Inc. Ordinary Shares | 0.23 |
Most inversely correlated with INBS
| Symbol | Company | Correlation |
|---|---|---|
| XFLX | FundX Flexible ETF | -0.53 |
| CORT | Corcept Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | -0.45 |
| KTN | Structured Products CorTS Aon Capital A, 8.205% Cert.ASSET-BACKED SECURITIES | -0.40 |
| MSpI | MORGAN STANLEY Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series ISECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.31 |
| JULH | Innovator Premium Income 20 Barrier ETF - July | -0.30 |
Frequently asked questions about INBS correlations
- Which stocks are most correlated with INBS?
- Based on one year of daily returns, the stocks most correlated with Intelligent Bio Solutions Inc. Common Stock (INBS) are AEI (0.28), AXSM (0.27) and ECCV (0.25). 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 INBS?
- Over the past year, the stocks most inversely correlated with Intelligent Bio Solutions Inc. Common Stock (INBS) are XFLX (-0.53), CORT (-0.45) and KTN (-0.40). 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 INBS correlations calculated?
- We compute the correlation of daily returns between INBS 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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