NANO-X IMAGING LTD Ordinary Shares (NNOX) — Stock Correlations & Overview
Over the past year, NNOX has moved most closely with PASG, STRD, INVE. Explore the stocks most correlated and inversely correlated with NNOX below, along with its price, financials, and company profile.
Stocks correlated with NNOX
Correlation of daily returns. Higher positive values move with NNOX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NNOX
| Symbol | Company | Correlation |
|---|---|---|
| PASG | Passage Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.41 |
| STRD | Strategy Inc 10.00% Series A Perpetual Stride Preferred StockFINANCE SERVICES | 0.39 |
| INVE | Identive, Inc.COMPUTER PERIPHERAL EQUIPMENT, NEC | 0.39 |
| CRIS | Curis IncBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.37 |
| PNQI | Invesco NASDAQ Internet ETF | 0.36 |
Most inversely correlated with NNOX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.30 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.30 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.30 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
Frequently asked questions about NNOX correlations
- Which stocks are most correlated with NNOX?
- Based on one year of daily returns, the stocks most correlated with NANO-X IMAGING LTD Ordinary Shares (NNOX) are PASG (0.41), STRD (0.39) and INVE (0.39). 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 NNOX?
- Over the past year, the stocks most inversely correlated with NANO-X IMAGING LTD Ordinary Shares (NNOX) are SARK (-0.33), QQQD (-0.30) and SCC (-0.30). 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 NNOX correlations calculated?
- We compute the correlation of daily returns between NNOX 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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