Which stocks are most correlated with MBX?

Based on one year of daily returns, the stocks most correlated with MBX Biosciences, Inc. Common Stock (MBX) are SBIO (0.41), KOD (0.40) and BBC (0.39). 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 MBX?

Over the past year, the stocks most inversely correlated with MBX Biosciences, Inc. Common Stock (MBX) are LABD (-0.38), BIS (-0.30) and TBLL (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

MBX Biosciences, Inc. Common Stock (MBX) — Stock Correlations & Overview

Over the past year, MBX has moved most closely with SBIO, KOD, BBC. Explore the stocks most correlated and inversely correlated with MBX below, along with its price, financials, and company profile.

Stocks correlated with MBX

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

Most correlated with MBX

Symbol	Company	Correlation
SBIO	ALPS Medical Breakthroughs ETF	0.41
KOD	Kodiak Sciences Inc Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.40
BBC	Virtus Biotech Clinical Trials ETF	0.39
XBI	State Street SPDR S&P Biotech ETF	0.38
LABU	Direxion Daily S&P Biotech Bull 3X ETF	0.37

Most inversely correlated with MBX

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.38
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.30
TBLL	Invesco Short Term Treasury ETF	-0.30
TEXU	Direxion Daily Energy Top 5 Bull 2X ETF	-0.27
VRIG	Invesco Variable Rate Investment Grade ETF	-0.26

Frequently asked questions about MBX correlations

Which stocks are most correlated with MBX?: Based on one year of daily returns, the stocks most correlated with MBX Biosciences, Inc. Common Stock (MBX) are SBIO (0.41), KOD (0.40) and BBC (0.39). 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 MBX?: Over the past year, the stocks most inversely correlated with MBX Biosciences, Inc. Common Stock (MBX) are LABD (-0.38), BIS (-0.30) and TBLL (-0.30). 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 MBX correlations calculated?: We compute the correlation of daily returns between MBX 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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