Which stocks are most correlated with MGX?

Based on one year of daily returns, the stocks most correlated with Metagenomi Therapeutics, Inc. Common Stock (MGX) are QQQS (0.54), QSI (0.51) and KNOV (0.51). 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 MGX?

Over the past year, the stocks most inversely correlated with Metagenomi Therapeutics, Inc. Common Stock (MGX) are LABD (-0.46), SRTY (-0.46) and TZA (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

Metagenomi Therapeutics, Inc. Common Stock (MGX) — Stock Correlations & Overview

Over the past year, MGX has moved most closely with QQQS, QSI, KNOV. Explore the stocks most correlated and inversely correlated with MGX below, along with its price, financials, and company profile.

Stocks correlated with MGX

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

Most correlated with MGX

Symbol	Company	Correlation
QQQS	Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE	0.54
QSI	Quantum-Si Incorporated Class A Common StockMEASURING & CONTROLLING DEVICES, NEC	0.51
KNOV	Innovator U.S. Small Cap Power Buffer ETF - November	0.51
IWC	iShares Micro-Cap ETF	0.50
SAUG	FT Vest U.S. Small Cap Moderate Buffer ETF - August	0.50

Most inversely correlated with MGX

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.46
SRTY	ProShares UltraPro Short Russell2000	-0.46
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.46
RWM	ProShares Short Russell2000	-0.45
TWM	ProShares UltraShort Russell2000	-0.45

Frequently asked questions about MGX correlations

Which stocks are most correlated with MGX?: Based on one year of daily returns, the stocks most correlated with Metagenomi Therapeutics, Inc. Common Stock (MGX) are QQQS (0.54), QSI (0.51) and KNOV (0.51). 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 MGX?: Over the past year, the stocks most inversely correlated with Metagenomi Therapeutics, Inc. Common Stock (MGX) are LABD (-0.46), SRTY (-0.46) and TZA (-0.46). 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 MGX correlations calculated?: We compute the correlation of daily returns between MGX 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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