Which stocks are most correlated with KIDS?

Based on one year of daily returns, the stocks most correlated with OrthoPediatrics Corp. Common Stock (KIDS) are XHE (0.61), MDEV (0.57) and IHI (0.56). 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 KIDS?

Over the past year, the stocks most inversely correlated with OrthoPediatrics Corp. Common Stock (KIDS) are DWSH (-0.44), RXD (-0.43) and HDGE (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

OrthoPediatrics Corp. Common Stock (KIDS) — Stock Correlations & Overview

Over the past year, KIDS has moved most closely with XHE, MDEV, IHI. Explore the stocks most correlated and inversely correlated with KIDS below, along with its price, financials, and company profile.

Stocks correlated with KIDS

Correlation of daily returns. Higher positive values move with KIDS; negative values move opposite it. Informational only, not investment advice.

Most correlated with KIDS

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.61
MDEV	First Trust Indxx Medical Devices ETF	0.57
IHI	iShares U.S. Medical Devices ETF	0.56
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	0.53
EKG	First Trust Nasdaq Lux Digital Health Solutions ETF	0.52

Most inversely correlated with KIDS

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.44
RXD	ProShares UltraShort Health Care	-0.43
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.40
SBB	ProShares Short SmallCap600	-0.37
SDD	ProShares UltraShort SmallCap600	-0.36

Frequently asked questions about KIDS correlations

Which stocks are most correlated with KIDS?: Based on one year of daily returns, the stocks most correlated with OrthoPediatrics Corp. Common Stock (KIDS) are XHE (0.61), MDEV (0.57) and IHI (0.56). 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 KIDS?: Over the past year, the stocks most inversely correlated with OrthoPediatrics Corp. Common Stock (KIDS) are DWSH (-0.44), RXD (-0.43) and HDGE (-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 KIDS correlations calculated?: We compute the correlation of daily returns between KIDS 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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