Lexaria Bioscience Corp. Common Stock (LEXX) — Stock Correlations & Overview
Over the past year, LEXX has moved most closely with HITI, RNW, CCB. Explore the stocks most correlated and inversely correlated with LEXX below, along with its price, financials, and company profile.
Stocks correlated with LEXX
Correlation of daily returns. Higher positive values move with LEXX; negative values move opposite it. Informational only, not investment advice.
Most correlated with LEXX
| Symbol | Company | Correlation |
|---|---|---|
| HITI | High Tide Inc. Common Shares | 0.27 |
| RNW | ReNew Energy Global plc Class A Ordinary Shares | 0.26 |
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | 0.24 |
| UUU | Universal Safety Products, Inc.WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC | 0.23 |
| RM | REGIONAL MANAGEMENT CORPPERSONAL CREDIT INSTITUTIONS | 0.23 |
Most inversely correlated with LEXX
| Symbol | Company | Correlation |
|---|---|---|
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.23 |
| MKTX | MarketAxess Holdings Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.22 |
| CHEF | The Chef's Warehouse IncWHOLESALE-GROCERIES, GENERAL LINE | -0.22 |
| RITR | Reitar Logtech Holdings Limited Ordinary shares | -0.17 |
| SFM | Sprouts Farmers Market, Inc.RETAIL-GROCERY STORES | -0.16 |
Frequently asked questions about LEXX correlations
- Which stocks are most correlated with LEXX?
- Based on one year of daily returns, the stocks most correlated with Lexaria Bioscience Corp. Common Stock (LEXX) are HITI (0.27), RNW (0.26) and CCB (0.24). 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 LEXX?
- Over the past year, the stocks most inversely correlated with Lexaria Bioscience Corp. Common Stock (LEXX) are RADX (-0.23), MKTX (-0.22) and CHEF (-0.22). 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 LEXX correlations calculated?
- We compute the correlation of daily returns between LEXX 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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