Nektar Therapeutics (NKTR) — Stock Correlations & Overview
Over the past year, NKTR has moved most closely with LFSC, PTH, BBC. Explore the stocks most correlated and inversely correlated with NKTR below, along with its price, financials, and company profile.
Stocks correlated with NKTR
Correlation of daily returns. Higher positive values move with NKTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NKTR
| Symbol | Company | Correlation |
|---|---|---|
| LFSC | F/m Emerald Life Sciences Innovation ETF | 0.41 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.37 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.37 |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 0.36 |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X ETF | 0.36 |
Most inversely correlated with NKTR
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.32 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.28 |
| AZI | Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares | -0.26 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.25 |
| BRTX | BioRestorative Therapies, Inc. Common Stock (NV)SERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.24 |
Frequently asked questions about NKTR correlations
- Which stocks are most correlated with NKTR?
- Based on one year of daily returns, the stocks most correlated with Nektar Therapeutics (NKTR) are LFSC (0.41), PTH (0.37) and BBC (0.37). 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 NKTR?
- Over the past year, the stocks most inversely correlated with Nektar Therapeutics (NKTR) are LABD (-0.32), BIS (-0.28) and AZI (-0.26). 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 NKTR correlations calculated?
- We compute the correlation of daily returns between NKTR 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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