Medicus Pharma Ltd. Common Stock (MDCX) — Stock Correlations & Overview
Over the past year, MDCX has moved most closely with FTCI, CLDI, DSGR. Explore the stocks most correlated and inversely correlated with MDCX below, along with its price, financials, and company profile.
Stocks correlated with MDCX
Correlation of daily returns. Higher positive values move with MDCX; negative values move opposite it. Informational only, not investment advice.
Most correlated with MDCX
| Symbol | Company | Correlation |
|---|---|---|
| FTCI | FTC Solar, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 0.33 |
| CLDI | Calidi Biotherapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.33 |
| DSGR | Distribution Solutions Group, Inc. Common StockWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | 0.32 |
| IYT | iShares U.S. Transportation ETF | 0.30 |
| WMS | ADVANCED DRAINAGE SYSTEMS, INC.PLASTICS FOAM PRODUCTS | 0.30 |
Most inversely correlated with MDCX
| Symbol | Company | Correlation |
|---|---|---|
| MXC | Mexco Energy CorporationCRUDE PETROLEUM & NATURAL GAS | -0.33 |
| ALTO | Alto Ingredients, Inc. Common StockINDUSTRIAL ORGANIC CHEMICALS | -0.31 |
| WLY | John Wiley & Sons, Inc. Class ABOOKS: PUBLISHING OR PUBLISHING & PRINTING | -0.31 |
| CF | CF Industries Holding, Inc.AGRICULTURAL CHEMICALS | -0.24 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.24 |
Frequently asked questions about MDCX correlations
- Which stocks are most correlated with MDCX?
- Based on one year of daily returns, the stocks most correlated with Medicus Pharma Ltd. Common Stock (MDCX) are FTCI (0.33), CLDI (0.33) and DSGR (0.32). 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 MDCX?
- Over the past year, the stocks most inversely correlated with Medicus Pharma Ltd. Common Stock (MDCX) are MXC (-0.33), ALTO (-0.31) and WLY (-0.31). 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 MDCX correlations calculated?
- We compute the correlation of daily returns between MDCX 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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