Nuwellis, Inc. Common Stock (NUWE) — Stock Correlations & Overview
Over the past year, NUWE has moved most closely with CMCO, CYCU, BIOA. Explore the stocks most correlated and inversely correlated with NUWE below, along with its price, financials, and company profile.
Stocks correlated with NUWE
Correlation of daily returns. Higher positive values move with NUWE; negative values move opposite it. Informational only, not investment advice.
Most correlated with NUWE
| Symbol | Company | Correlation |
|---|---|---|
| CMCO | Columbus McKinnon Corp/NYCONSTRUCTION MACHINERY & EQUIP | 0.46 |
| CYCU | Cycurion, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | 0.44 |
| BIOA | BioAge Labs, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.44 |
| KPTI | Karyopharm Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | 0.41 |
| GCTK | GlucoTrack, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.40 |
Most inversely correlated with NUWE
| Symbol | Company | Correlation |
|---|---|---|
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.35 |
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | -0.34 |
| ALNY | Alnylam Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | -0.32 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.31 |
| GBFH | GBank Financial Holdings Inc. Common StockSTATE COMMERCIAL BANKS | -0.30 |
Frequently asked questions about NUWE correlations
- Which stocks are most correlated with NUWE?
- Based on one year of daily returns, the stocks most correlated with Nuwellis, Inc. Common Stock (NUWE) are CMCO (0.46), CYCU (0.44) and BIOA (0.44). 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 NUWE?
- Over the past year, the stocks most inversely correlated with Nuwellis, Inc. Common Stock (NUWE) are TTXD (-0.35), CCB (-0.34) and ALNY (-0.32). 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 NUWE correlations calculated?
- We compute the correlation of daily returns between NUWE 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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