NRX Pharmaceuticals, Inc. Common Stock (NRXP) — Stock Correlations & Overview
Over the past year, NRXP has moved most closely with RUMBW, DUOT, YMAX. Explore the stocks most correlated and inversely correlated with NRXP below, along with its price, financials, and company profile.
Stocks correlated with NRXP
Correlation of daily returns. Higher positive values move with NRXP; negative values move opposite it. Informational only, not investment advice.
Most correlated with NRXP
| Symbol | Company | Correlation |
|---|---|---|
| RUMBW | RUM Group Inc. WarrantSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.40 |
| DUOT | Duos Technologies Group, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.40 |
| YMAX | YieldMax Universe Fund of Option Income ETFs | 0.40 |
| PSIL | AdvisorShares Psychedelics ETF | 0.39 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.39 |
Most inversely correlated with NRXP
| Symbol | Company | Correlation |
|---|---|---|
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.35 |
| RWM | ProShares Short Russell2000 | -0.34 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.34 |
Frequently asked questions about NRXP correlations
- Which stocks are most correlated with NRXP?
- Based on one year of daily returns, the stocks most correlated with NRX Pharmaceuticals, Inc. Common Stock (NRXP) are RUMBW (0.40), DUOT (0.40) and YMAX (0.40). 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 NRXP?
- Over the past year, the stocks most inversely correlated with NRX Pharmaceuticals, Inc. Common Stock (NRXP) are AIBD (-0.36), SARK (-0.35) and BTAL (-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 NRXP correlations calculated?
- We compute the correlation of daily returns between NRXP 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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