Iridex Corp (IRIX) — Stock Correlations & Overview
Over the past year, IRIX has moved most closely with BUR, VSA, LTRN. Explore the stocks most correlated and inversely correlated with IRIX below, along with its price, financials, and company profile.
Stocks correlated with IRIX
Correlation of daily returns. Higher positive values move with IRIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with IRIX
| Symbol | Company | Correlation |
|---|---|---|
| BUR | Burford Capital LimitedFINANCE SERVICES | 0.39 |
| VSA | VisionSys AI Inc American Depositary Shares | 0.33 |
| LTRN | Lantern Pharma Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.32 |
| AMPG | AMPLITECH GROUP INC. COMCOMMUNICATIONS EQUIPMENT, NEC | 0.27 |
| YSPY | GraniteShares YieldBOOST SPY ETF | 0.27 |
Most inversely correlated with IRIX
| Symbol | Company | Correlation |
|---|---|---|
| TWOpC | Two Harbors Investment Corp 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.31 |
| ARTL | Artelo Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.27 |
| TWOpB | Two Harbors Investment Corp 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.27 |
| TWOpA | Two Harbors Investment Corp 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ($25.00 liquidation preference per share)REAL ESTATE INVESTMENT TRUSTS | -0.24 |
| SST | System1, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.23 |
Frequently asked questions about IRIX correlations
- Which stocks are most correlated with IRIX?
- Based on one year of daily returns, the stocks most correlated with Iridex Corp (IRIX) are BUR (0.39), VSA (0.33) and LTRN (0.32). 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 IRIX?
- Over the past year, the stocks most inversely correlated with Iridex Corp (IRIX) are TWOpC (-0.31), ARTL (-0.27) and TWOpB (-0.27). 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 IRIX correlations calculated?
- We compute the correlation of daily returns between IRIX 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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