InMed Pharmaceuticals Inc. Common Shares (INM) — Stock Correlations & Overview
Over the past year, INM has moved most closely with CNEY, AMST, NXXT. Explore the stocks most correlated and inversely correlated with INM below, along with its price, financials, and company profile.
Stocks correlated with INM
Correlation of daily returns. Higher positive values move with INM; negative values move opposite it. Informational only, not investment advice.
Most correlated with INM
| Symbol | Company | Correlation |
|---|---|---|
| CNEY | CN Energy Group Inc. Class A Ordinary Shares | 0.44 |
| AMST | Amesite Inc.SERVICES-PREPACKAGED SOFTWARE | 0.43 |
| NXXT | NextNRG, Inc. Common StockRETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.39 |
| MLP | Maui Land & Pineapple Co.REAL ESTATE | 0.35 |
| MDBH | MDB Capital Holdings, LLC Class A commonFINANCE SERVICES | 0.31 |
Most inversely correlated with INM
| Symbol | Company | Correlation |
|---|---|---|
| JYD | Jayud Global Logistics Limited Class A Ordinary Shares | -0.40 |
| ONCO | Onconetix, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.36 |
| OXSQ | Oxford Square Capital Corp. | -0.25 |
| CMND | Clearmind Medicine Inc. Common Shares | -0.23 |
| YMAT | J-Star Holding Co., Ltd. Class A Ordinary Shares | -0.21 |
Frequently asked questions about INM correlations
- Which stocks are most correlated with INM?
- Based on one year of daily returns, the stocks most correlated with InMed Pharmaceuticals Inc. Common Shares (INM) are CNEY (0.44), AMST (0.43) and NXXT (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 INM?
- Over the past year, the stocks most inversely correlated with InMed Pharmaceuticals Inc. Common Shares (INM) are JYD (-0.40), ONCO (-0.36) and OXSQ (-0.25). 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 INM correlations calculated?
- We compute the correlation of daily returns between INM 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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