Innoviva, Inc. Common Stock (INVA) — Stock Correlations & Overview
Over the past year, INVA has moved most closely with PJP, BGS, PILL. Explore the stocks most correlated and inversely correlated with INVA below, along with its price, financials, and company profile.
Stocks correlated with INVA
Correlation of daily returns. Higher positive values move with INVA; negative values move opposite it. Informational only, not investment advice.
Most correlated with INVA
| Symbol | Company | Correlation |
|---|---|---|
| PJP | Invesco Pharmaceuticals ETF | 0.39 |
| BGS | B&G Foods, Inc.FOOD AND KINDRED PRODUCTS | 0.38 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.38 |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 0.37 |
| HAE | Haemonetics CorporationSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.36 |
Most inversely correlated with INVA
| Symbol | Company | Correlation |
|---|---|---|
| ACVA | ACV Auctions Inc.SERVICES-BUSINESS SERVICES, NEC | -0.33 |
| CELH | Celsius Holdings, Inc. Common StockBOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS | -0.31 |
| LEU | Centrus Energy Corp.MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) | -0.28 |
| ASPN | Aspen Aerogels, Inc.WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS | -0.28 |
| ENGS | Energys Group Limited Ordinary Shares | -0.28 |
Frequently asked questions about INVA correlations
- Which stocks are most correlated with INVA?
- Based on one year of daily returns, the stocks most correlated with Innoviva, Inc. Common Stock (INVA) are PJP (0.39), BGS (0.38) and PILL (0.38). 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 INVA?
- Over the past year, the stocks most inversely correlated with Innoviva, Inc. Common Stock (INVA) are ACVA (-0.33), CELH (-0.31) and LEU (-0.28). 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 INVA correlations calculated?
- We compute the correlation of daily returns between INVA 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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