Nephros Inc. (NEPH) — Stock Correlations & Overview
Over the past year, NEPH has moved most closely with NSTS, NMTC, NFGC. Explore the stocks most correlated and inversely correlated with NEPH below, along with its price, financials, and company profile.
Stocks correlated with NEPH
Correlation of daily returns. Higher positive values move with NEPH; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEPH
| Symbol | Company | Correlation |
|---|---|---|
| NSTS | NSTS Bancorp, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.29 |
| NMTC | NeuroOne Medical Technologies Corporation Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.28 |
| NFGC | New Found Gold Corp | 0.26 |
| ELMD | Electromed, Inc.ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.25 |
| ABNB | Airbnb, Inc. Class A Common StockSERVICES-TO DWELLINGS & OTHER BUILDINGS | 0.25 |
Most inversely correlated with NEPH
| Symbol | Company | Correlation |
|---|---|---|
| BRID | Bridgford Foods CorpSAUSAGES & OTHER PREPARED MEAT PRODUCTS | -0.22 |
| XOM | ExxonMobil Holdings CorporationPETROLEUM REFINING | -0.19 |
| XOMX | Direxion Shares ETF Trust Direxion Daily XOM Bull 2X ETF | -0.19 |
| LGL | The LGL Group, Inc.ELECTRONIC COMPONENTS, NEC | -0.19 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.18 |
Frequently asked questions about NEPH correlations
- Which stocks are most correlated with NEPH?
- Based on one year of daily returns, the stocks most correlated with Nephros Inc. (NEPH) are NSTS (0.29), NMTC (0.28) and NFGC (0.26). 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 NEPH?
- Over the past year, the stocks most inversely correlated with Nephros Inc. (NEPH) are BRID (-0.22), XOM (-0.19) and XOMX (-0.19). 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 NEPH correlations calculated?
- We compute the correlation of daily returns between NEPH 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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