Insmed, Inc. (INSM) — Stock Correlations & Overview
Over the past year, INSM has moved most closely with TRDA, ENGN, BBP. Explore the stocks most correlated and inversely correlated with INSM below, along with its price, financials, and company profile.
Stocks correlated with INSM
Correlation of daily returns. Higher positive values move with INSM; negative values move opposite it. Informational only, not investment advice.
Most correlated with INSM
| Symbol | Company | Correlation |
|---|---|---|
| TRDA | Entrada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.44 |
| ENGN | enGene Therapeutics Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.43 |
| BBP | Virtus Biotech ETF | 0.42 |
| BIB | ProShares Ultra NASDAQ Biotechnology | 0.41 |
| DRKY | VistaShares Target 15 DRUKMacro Distribution ETF | 0.41 |
Most inversely correlated with INSM
| Symbol | Company | Correlation |
|---|---|---|
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | -0.41 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.40 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.40 |
| YXT | YXT.COM GROUP HOLDING LIMITED American Depository Shares | -0.34 |
| AGL | agilon health, inc.SERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.33 |
Frequently asked questions about INSM correlations
- Which stocks are most correlated with INSM?
- Based on one year of daily returns, the stocks most correlated with Insmed, Inc. (INSM) are TRDA (0.44), ENGN (0.43) and BBP (0.42). 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 INSM?
- Over the past year, the stocks most inversely correlated with Insmed, Inc. (INSM) are CMRC (-0.41), BIS (-0.40) and LABD (-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 INSM correlations calculated?
- We compute the correlation of daily returns between INSM 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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