Which stocks are most correlated with MD?

Based on one year of daily returns, the stocks most correlated with Pediatrix Medical Group, Inc. (MD) are XHS (0.46), IDXX (0.43) and RHLD (0.38). 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 MD?

Over the past year, the stocks most inversely correlated with Pediatrix Medical Group, Inc. (MD) are ZOOZ (-0.30), RXD (-0.27) and FLYD (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

Pediatrix Medical Group, Inc. (MD) — Stock Correlations & Overview

Over the past year, MD has moved most closely with XHS, IDXX, RHLD. Explore the stocks most correlated and inversely correlated with MD below, along with its price, financials, and company profile.

Stocks correlated with MD

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

Most correlated with MD

Symbol	Company	Correlation
XHS	State Street SPDR S&P Health Care Services ETF	0.46
IDXX	Idexx Laboratories IncIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES	0.43
RHLD	Resolute Holdings Management, Inc.FINANCE SERVICES	0.38
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.37
TGE	The Generation Essentials Group	0.36

Most inversely correlated with MD

Symbol	Company	Correlation
ZOOZ	ZOOZ Strategy Ltd. Ordinary Shares	-0.30
RXD	ProShares UltraShort Health Care	-0.27
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.25
ALVO	Alvotech Ordinary Shares	-0.24
SOC	Sable Offshore Corp.CRUDE PETROLEUM & NATURAL GAS	-0.23

Frequently asked questions about MD correlations

Which stocks are most correlated with MD?: Based on one year of daily returns, the stocks most correlated with Pediatrix Medical Group, Inc. (MD) are XHS (0.46), IDXX (0.43) and RHLD (0.38). 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 MD?: Over the past year, the stocks most inversely correlated with Pediatrix Medical Group, Inc. (MD) are ZOOZ (-0.30), RXD (-0.27) and FLYD (-0.25). 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 MD correlations calculated?: We compute the correlation of daily returns between MD 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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