Which stocks are most correlated with KRMD?

Based on one year of daily returns, the stocks most correlated with KORU Medical Systems, Inc. Common Stock (DE) (KRMD) are CMRC (0.41), COLL (0.38) and SQLV (0.36). 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 KRMD?

Over the past year, the stocks most inversely correlated with KORU Medical Systems, Inc. Common Stock (DE) (KRMD) are HDGE (-0.31), DWSH (-0.29) and SKRE (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

KORU Medical Systems, Inc. Common Stock (DE) (KRMD) — Stock Correlations & Overview

Over the past year, KRMD has moved most closely with CMRC, COLL, SQLV. Explore the stocks most correlated and inversely correlated with KRMD below, along with its price, financials, and company profile.

Stocks correlated with KRMD

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

Most correlated with KRMD

Symbol	Company	Correlation
CMRC	Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE	0.41
COLL	Collegium Pharmaceutical, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.38
SQLV	Royce Quant Small-Cap Quality Value ETF	0.36
XHE	State Street SPDR S&P Health Care Equipment ETF	0.36
TMFM	Motley Fool Mid-Cap Growth ETF	0.36

Most inversely correlated with KRMD

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.31
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.29
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.27
SDD	ProShares UltraShort SmallCap600	-0.26
SBB	ProShares Short SmallCap600	-0.25

Frequently asked questions about KRMD correlations

Which stocks are most correlated with KRMD?: Based on one year of daily returns, the stocks most correlated with KORU Medical Systems, Inc. Common Stock (DE) (KRMD) are CMRC (0.41), COLL (0.38) and SQLV (0.36). 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 KRMD?: Over the past year, the stocks most inversely correlated with KORU Medical Systems, Inc. Common Stock (DE) (KRMD) are HDGE (-0.31), DWSH (-0.29) and SKRE (-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 KRMD correlations calculated?: We compute the correlation of daily returns between KRMD 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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