Kodiak Sciences Inc Common Stock (KOD) — Stock Correlations & Overview
Over the past year, KOD has moved most closely with BBC, SBIO, CRBU. Explore the stocks most correlated and inversely correlated with KOD below, along with its price, financials, and company profile.
Stocks correlated with KOD
Correlation of daily returns. Higher positive values move with KOD; negative values move opposite it. Informational only, not investment advice.
Most correlated with KOD
| Symbol | Company | Correlation |
|---|---|---|
| BBC | Virtus Biotech Clinical Trials ETF | 0.46 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.43 |
| CRBU | Caribou Biosciences, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.42 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.42 |
| XBI | State Street SPDR S&P Biotech ETF | 0.41 |
Most inversely correlated with KOD
| Symbol | Company | Correlation |
|---|---|---|
| MGN | Megan Holdings Limited Class A Ordinary Shares | -0.50 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.41 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.32 |
| XYF | X Financial American Depositary Shares, each representing six Class A Ordinary Shares | -0.31 |
| ADAMZ | Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS | -0.29 |
Frequently asked questions about KOD correlations
- Which stocks are most correlated with KOD?
- Based on one year of daily returns, the stocks most correlated with Kodiak Sciences Inc Common Stock (KOD) are BBC (0.46), SBIO (0.43) and CRBU (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 KOD?
- Over the past year, the stocks most inversely correlated with Kodiak Sciences Inc Common Stock (KOD) are MGN (-0.50), LABD (-0.41) and BIS (-0.32). 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 KOD correlations calculated?
- We compute the correlation of daily returns between KOD 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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