Which stocks are most correlated with MDXG?

Based on one year of daily returns, the stocks most correlated with MiMedx Group, Inc (MDXG) are XHE (0.47), PSCH (0.45) and HTEC (0.42). 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 MDXG?

Over the past year, the stocks most inversely correlated with MiMedx Group, Inc (MDXG) are DOG (-0.35), DXD (-0.35) and SDOW (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

MiMedx Group, Inc (MDXG) — Stock Correlations & Overview

Over the past year, MDXG has moved most closely with XHE, PSCH, HTEC. Explore the stocks most correlated and inversely correlated with MDXG below, along with its price, financials, and company profile.

Stocks correlated with MDXG

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

Most correlated with MDXG

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.47
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.45
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.42
SQLV	Royce Quant Small-Cap Quality Value ETF	0.41
BLCO	Bausch + Lomb CorporationOPHTHALMIC GOODS	0.41

Most inversely correlated with MDXG

Symbol	Company	Correlation
DOG	ProShares Short Dow30	-0.35
DXD	ProShares UltraShort Dow 30	-0.35
SDOW	ProShares UltraPro Short Dow 30	-0.35
SBB	ProShares Short SmallCap600	-0.35
SDD	ProShares UltraShort SmallCap600	-0.34

Frequently asked questions about MDXG correlations

Which stocks are most correlated with MDXG?: Based on one year of daily returns, the stocks most correlated with MiMedx Group, Inc (MDXG) are XHE (0.47), PSCH (0.45) and HTEC (0.42). 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 MDXG?: Over the past year, the stocks most inversely correlated with MiMedx Group, Inc (MDXG) are DOG (-0.35), DXD (-0.35) and SDOW (-0.35). 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 MDXG correlations calculated?: We compute the correlation of daily returns between MDXG 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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