Which stocks are most correlated with LEGN?

Based on one year of daily returns, the stocks most correlated with Legend Biotech Corporation American Depositary Shares (LEGN) are LASE (0.33), MEDI (0.31) and MRVL (0.29). 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 LEGN?

Over the past year, the stocks most inversely correlated with Legend Biotech Corporation American Depositary Shares (LEGN) are FULC (-0.35), VLGEA (-0.34) and JZ (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Legend Biotech Corporation American Depositary Shares (LEGN) — Stock Correlations & Overview

Over the past year, LEGN has moved most closely with LASE, MEDI, MRVL. Explore the stocks most correlated and inversely correlated with LEGN below, along with its price, financials, and company profile.

Stocks correlated with LEGN

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

Most correlated with LEGN

Symbol	Company	Correlation
LASE	Laser Photonics Corporation Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.33
MEDI	Harbor Health Care ETF	0.31
MRVL	Marvell Technology, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES	0.29
CANC	Tema Oncology ETF	0.28
MVLL	GraniteShares 2x Long MRVL Daily ETF	0.28

Most inversely correlated with LEGN

Symbol	Company	Correlation
FULC	Fulcrum Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.35
VLGEA	Village Super MarketRETAIL-GROCERY STORES	-0.34
JZ	Jianzhi Education Technology Group Company Limited American Depositary Shares	-0.32
HKIT	Hitek Global Inc. Class A Ordinary Share	-0.29
ABVX	Abivax SA American Depositary Shares	-0.28

Frequently asked questions about LEGN correlations

Which stocks are most correlated with LEGN?: Based on one year of daily returns, the stocks most correlated with Legend Biotech Corporation American Depositary Shares (LEGN) are LASE (0.33), MEDI (0.31) and MRVL (0.29). 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 LEGN?: Over the past year, the stocks most inversely correlated with Legend Biotech Corporation American Depositary Shares (LEGN) are FULC (-0.35), VLGEA (-0.34) and JZ (-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 LEGN correlations calculated?: We compute the correlation of daily returns between LEGN 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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