MacroGenics, Inc. (MGNX) — Stock Correlations & Overview
Over the past year, MGNX has moved most closely with VYGR, ZVRA, HQL. Explore the stocks most correlated and inversely correlated with MGNX below, along with its price, financials, and company profile.
Stocks correlated with MGNX
Correlation of daily returns. Higher positive values move with MGNX; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGNX
| Symbol | Company | Correlation |
|---|---|---|
| VYGR | Voyager Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.42 |
| ZVRA | Zevra Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.40 |
| HQL | abrdn Life Sciences Investors | 0.35 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.34 |
| LGVN | Longeveron Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.34 |
Most inversely correlated with MGNX
| Symbol | Company | Correlation |
|---|---|---|
| MI | NFT Limited | -0.35 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.32 |
| ARQ | Arq, Inc. Common StockMISCELLANEOUS CHEMICAL PRODUCTS | -0.30 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.29 |
| PHXEp | Phoenix Energy One, LLC Series A Cumulative Redeemable Preferred SharesCRUDE PETROLEUM & NATURAL GAS | -0.25 |
Frequently asked questions about MGNX correlations
- Which stocks are most correlated with MGNX?
- Based on one year of daily returns, the stocks most correlated with MacroGenics, Inc. (MGNX) are VYGR (0.42), ZVRA (0.40) and HQL (0.35). 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 MGNX?
- Over the past year, the stocks most inversely correlated with MacroGenics, Inc. (MGNX) are MI (-0.35), LABD (-0.32) and ARQ (-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 MGNX correlations calculated?
- We compute the correlation of daily returns between MGNX 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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