Janux Therapeutics, Inc. Common Stock (JANX) — Stock Correlations & Overview
Over the past year, JANX has moved most closely with ABTC, BBC, CANC. Explore the stocks most correlated and inversely correlated with JANX below, along with its price, financials, and company profile.
Stocks correlated with JANX
Correlation of daily returns. Higher positive values move with JANX; negative values move opposite it. Informational only, not investment advice.
Most correlated with JANX
| Symbol | Company | Correlation |
|---|---|---|
| ABTC | American Bitcoin Corp. Class A Common StockFINANCE SERVICES | 0.47 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.43 |
| CANC | Tema Oncology ETF | 0.40 |
| VIR | Vir Biotechnology, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.40 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.38 |
Most inversely correlated with JANX
| Symbol | Company | Correlation |
|---|---|---|
| PLRZ | Polyrizon Ltd. Ordinary Shares | -0.45 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.37 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.31 |
| GURE | Gulf Resources, Inc. (NV) Common StockCHEMICALS & ALLIED PRODUCTS | -0.30 |
| CELGr | Bristol-Myers Squibb Company Contingent Value RightsPHARMACEUTICAL PREPARATIONS | -0.24 |
Frequently asked questions about JANX correlations
- Which stocks are most correlated with JANX?
- Based on one year of daily returns, the stocks most correlated with Janux Therapeutics, Inc. Common Stock (JANX) are ABTC (0.47), BBC (0.43) and CANC (0.40). 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 JANX?
- Over the past year, the stocks most inversely correlated with Janux Therapeutics, Inc. Common Stock (JANX) are PLRZ (-0.45), LABD (-0.37) and BIS (-0.31). 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 JANX correlations calculated?
- We compute the correlation of daily returns between JANX 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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