Murano Global Investments PLC Ordinary Shares (MRNO) — Stock Correlations & Overview
Over the past year, MRNO has moved most closely with HCWB, OPTT, SLAB. Explore the stocks most correlated and inversely correlated with MRNO below, along with its price, financials, and company profile.
Stocks correlated with MRNO
Correlation of daily returns. Higher positive values move with MRNO; negative values move opposite it. Informational only, not investment advice.
Most correlated with MRNO
| Symbol | Company | Correlation |
|---|---|---|
| HCWB | HCW Biologics Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.31 |
| OPTT | Ocean Power Technologies, Inc.ELECTRIC SERVICES | 0.27 |
| SLAB | Silicon Laboratories IncSEMICONDUCTORS & RELATED DEVICES | 0.21 |
| MFUT | Cambria Chesapeake Pure Trend ETF | 0.21 |
| PLBL | Polibeli Group Ltd Class A Ordinary Shares | 0.21 |
Most inversely correlated with MRNO
| Symbol | Company | Correlation |
|---|---|---|
| SBFM | Sunshine Biopharma Inc.PHARMACEUTICAL PREPARATIONS | -0.24 |
| INBKZ | First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029STATE COMMERCIAL BANKS | -0.23 |
| CNOBP | ConnectOne Bancorp, Inc. Depositary Shares, each representing a 1/40th interest in a share of 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series ASTATE COMMERCIAL BANKS | -0.22 |
| BOIL | ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
| GPOR | Gulfport Energy CorporationCRUDE PETROLEUM & NATURAL GAS | -0.22 |
Frequently asked questions about MRNO correlations
- Which stocks are most correlated with MRNO?
- Based on one year of daily returns, the stocks most correlated with Murano Global Investments PLC Ordinary Shares (MRNO) are HCWB (0.31), OPTT (0.27) and SLAB (0.21). 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 MRNO?
- Over the past year, the stocks most inversely correlated with Murano Global Investments PLC Ordinary Shares (MRNO) are SBFM (-0.24), INBKZ (-0.23) and CNOBP (-0.22). 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 MRNO correlations calculated?
- We compute the correlation of daily returns between MRNO 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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