Lipocine Inc. (LPCN) — Stock Correlations & Overview
Over the past year, LPCN has moved most closely with ELAB, HYGW, INO. Explore the stocks most correlated and inversely correlated with LPCN below, along with its price, financials, and company profile.
Stocks correlated with LPCN
Correlation of daily returns. Higher positive values move with LPCN; negative values move opposite it. Informational only, not investment advice.
Most correlated with LPCN
| Symbol | Company | Correlation |
|---|---|---|
| ELAB | PMGC Holdings Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.42 |
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | 0.41 |
| INO | Inovio Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.41 |
| LNN | Lindsay CorporationFARM MACHINERY & EQUIPMENT | 0.39 |
| ANGO | AngioDynamics, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.34 |
Most inversely correlated with LPCN
| Symbol | Company | Correlation |
|---|---|---|
| FC | Franklin Covey CompanySERVICES-MANAGEMENT SERVICES | -0.49 |
| SBAC | SBA Communications CorpREAL ESTATE INVESTMENT TRUSTS | -0.44 |
| COCP | Cocrystal Pharma, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.42 |
| TMDE | TMD Energy Limited | -0.32 |
| SKYQ | Sky Quarry Inc. Common StockHAZARDOUS WASTE MANAGEMENT | -0.29 |
Frequently asked questions about LPCN correlations
- Which stocks are most correlated with LPCN?
- Based on one year of daily returns, the stocks most correlated with Lipocine Inc. (LPCN) are ELAB (0.42), HYGW (0.41) and INO (0.41). 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 LPCN?
- Over the past year, the stocks most inversely correlated with Lipocine Inc. (LPCN) are FC (-0.49), SBAC (-0.44) and COCP (-0.42). 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 LPCN correlations calculated?
- We compute the correlation of daily returns between LPCN 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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