Which stocks are most correlated with INBX?

Based on one year of daily returns, the stocks most correlated with Inhibrx Biosciences, Inc. Common Stock (INBX) are FEDM (0.37), WKEY (0.36) and NEGG (0.35). 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 INBX?

Over the past year, the stocks most inversely correlated with Inhibrx Biosciences, Inc. Common Stock (INBX) are LABD (-0.33), QQDN (-0.30) and TTXD (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Inhibrx Biosciences, Inc. Common Stock (INBX) — Stock Correlations & Overview

Over the past year, INBX has moved most closely with FEDM, WKEY, NEGG. Explore the stocks most correlated and inversely correlated with INBX below, along with its price, financials, and company profile.

Stocks correlated with INBX

Correlation of daily returns. Higher positive values move with INBX; negative values move opposite it. Informational only, not investment advice.

Most correlated with INBX

Symbol	Company	Correlation
FEDM	Northern Trust ESG & Climate Developed Markets ex-US Core ETF	0.37
WKEY	WISeKey International Holding AG American Depositary Shares	0.36
NEGG	Newegg Commerce, Inc. Common SharesSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.35
SGMT	Sagimet Biosciences Inc. Series A Common StockPHARMACEUTICAL PREPARATIONS	0.35
LABU	Direxion Daily S&P Biotech Bull 3X ETF	0.34

Most inversely correlated with INBX

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.33
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.30
TTXD	Direxion Daily Technology Top 5 Bear 2X ETF	-0.30
ANNAW	AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS	-0.29
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.29

Frequently asked questions about INBX correlations

Which stocks are most correlated with INBX?: Based on one year of daily returns, the stocks most correlated with Inhibrx Biosciences, Inc. Common Stock (INBX) are FEDM (0.37), WKEY (0.36) and NEGG (0.35). 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 INBX?: Over the past year, the stocks most inversely correlated with Inhibrx Biosciences, Inc. Common Stock (INBX) are LABD (-0.33), QQDN (-0.30) and TTXD (-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 INBX correlations calculated?: We compute the correlation of daily returns between INBX 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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