Langar Global HealthTech ETF (LGHT) — Stock Correlations & Overview
Over the past year, LGHT has moved most closely with RSPH, EKG, HTEC. Explore the stocks most correlated and inversely correlated with LGHT below, along with its price, financials, and company profile.
Stocks correlated with LGHT
Correlation of daily returns. Higher positive values move with LGHT; negative values move opposite it. Informational only, not investment advice.
Most correlated with LGHT
| Symbol | Company | Correlation |
|---|---|---|
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 0.82 |
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.78 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.77 |
| MDEV | First Trust Indxx Medical Devices ETF | 0.76 |
| BMED | iShares Health Innovation Active ETF | 0.74 |
Most inversely correlated with LGHT
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.63 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.62 |
| RXD | ProShares UltraShort Health Care | -0.61 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.58 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
Frequently asked questions about LGHT correlations
- Which stocks are most correlated with LGHT?
- Based on one year of daily returns, the stocks most correlated with Langar Global HealthTech ETF (LGHT) are RSPH (0.82), EKG (0.78) and HTEC (0.77). 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 LGHT?
- Over the past year, the stocks most inversely correlated with Langar Global HealthTech ETF (LGHT) are HDGE (-0.63), DWSH (-0.62) and RXD (-0.61). 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 LGHT correlations calculated?
- We compute the correlation of daily returns between LGHT 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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