LB Pharmaceuticals Inc Common Stock (LBRX) — Stock Correlations & Overview
Over the past year, LBRX has moved most closely with XPH, BBC, PILL. Explore the stocks most correlated and inversely correlated with LBRX below, along with its price, financials, and company profile.
Stocks correlated with LBRX
Correlation of daily returns. Higher positive values move with LBRX; negative values move opposite it. Informational only, not investment advice.
Most correlated with LBRX
| Symbol | Company | Correlation |
|---|---|---|
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 0.39 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.37 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.37 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.36 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.34 |
Most inversely correlated with LBRX
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.32 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.25 |
| IMO | Imperial Oil LimitedPETROLEUM REFINING | -0.23 |
| ABRpE | Arbor Realty Trust, Inc. 6.25% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.23 |
| DK | Delek US Holdings, Inc.PETROLEUM REFINING | -0.21 |
Frequently asked questions about LBRX correlations
- Which stocks are most correlated with LBRX?
- Based on one year of daily returns, the stocks most correlated with LB Pharmaceuticals Inc Common Stock (LBRX) are XPH (0.39), BBC (0.37) and PILL (0.37). 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 LBRX?
- Over the past year, the stocks most inversely correlated with LB Pharmaceuticals Inc Common Stock (LBRX) are LABD (-0.32), BIS (-0.25) and IMO (-0.23). 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 LBRX correlations calculated?
- We compute the correlation of daily returns between LBRX 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.