Lunai Bioworks Inc. Common Stock (LNAI) — Stock Correlations & Overview
Over the past year, LNAI has moved most closely with ACPpA, BWpA, TSAT. Explore the stocks most correlated and inversely correlated with LNAI below, along with its price, financials, and company profile.
Stocks correlated with LNAI
Correlation of daily returns. Higher positive values move with LNAI; negative values move opposite it. Informational only, not investment advice.
Most correlated with LNAI
| Symbol | Company | Correlation |
|---|---|---|
| ACPpA | abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Stock | 0.32 |
| BWpA | Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred StockHEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES | 0.27 |
| TSAT | Telesat Corporation Class A Common Shares and Class B Variable Voting Shares | 0.25 |
| WAVE | Eco Wave Power Global AB (publ) American Depositary Shares | 0.25 |
| JEF | Jefferies Financial Group Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.25 |
Most inversely correlated with LNAI
| Symbol | Company | Correlation |
|---|---|---|
| ALDX | Aldeyra Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.44 |
| TME | Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares | -0.30 |
| WNW | Meiwu Technology Company Limited Ordinary Shares | -0.29 |
| SJLD | SanJac Alpha Low Duration ETF | -0.27 |
| SJCP | SanJac Alpha Core Plus Bond ETF | -0.26 |
Frequently asked questions about LNAI correlations
- Which stocks are most correlated with LNAI?
- Based on one year of daily returns, the stocks most correlated with Lunai Bioworks Inc. Common Stock (LNAI) are ACPpA (0.32), BWpA (0.27) and TSAT (0.25). 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 LNAI?
- Over the past year, the stocks most inversely correlated with Lunai Bioworks Inc. Common Stock (LNAI) are ALDX (-0.44), TME (-0.30) and WNW (-0.29). 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 LNAI correlations calculated?
- We compute the correlation of daily returns between LNAI 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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