Mannkind Corporation (MNKD) — Stock Correlations & Overview
Over the past year, MNKD has moved most closely with ODD, TLF, LXFR. Explore the stocks most correlated and inversely correlated with MNKD below, along with its price, financials, and company profile.
Stocks correlated with MNKD
Correlation of daily returns. Higher positive values move with MNKD; negative values move opposite it. Informational only, not investment advice.
Most correlated with MNKD
| Symbol | Company | Correlation |
|---|---|---|
| ODD | ODDITY Tech Ltd. Class A Ordinary Shares | 0.52 |
| TLF | Tandy Leather Factory, Inc. Common StockLEATHER & LEATHER PRODUCTS | 0.51 |
| LXFR | Luxfer Holdings PLC Ordinary SharesINDUSTRIAL INORGANIC CHEMICALS | 0.45 |
| DEO | Diageo plc | 0.43 |
| DRVN | Driven Brands Holdings Inc. Common StockSERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING | 0.42 |
Most inversely correlated with MNKD
| Symbol | Company | Correlation |
|---|---|---|
| XWEL | XWELL, Inc. Common StockSERVICES-PERSONAL SERVICES | -0.49 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.35 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.35 |
| RCKY | Rocky Brands, Inc.FOOTWEAR, (NO RUBBER) | -0.34 |
| YOU | Clear Secure, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.32 |
Frequently asked questions about MNKD correlations
- Which stocks are most correlated with MNKD?
- Based on one year of daily returns, the stocks most correlated with Mannkind Corporation (MNKD) are ODD (0.52), TLF (0.51) and LXFR (0.45). 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 MNKD?
- Over the past year, the stocks most inversely correlated with Mannkind Corporation (MNKD) are XWEL (-0.49), LABD (-0.35) and BIS (-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 MNKD correlations calculated?
- We compute the correlation of daily returns between MNKD 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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