NovoCure Limited Ordinary Shares (NVCR) — Stock Correlations & Overview
Over the past year, NVCR has moved most closely with HTEC, PINK, WDNA. Explore the stocks most correlated and inversely correlated with NVCR below, along with its price, financials, and company profile.
Stocks correlated with NVCR
Correlation of daily returns. Higher positive values move with NVCR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVCR
| Symbol | Company | Correlation |
|---|---|---|
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.43 |
| PINK | Simplify Health Care ETF | 0.41 |
| WDNA | WisdomTree BioRevolution Fund | 0.41 |
| TMED | T. Rowe Price Health Care ETF | 0.41 |
| FMED | Fidelity Disruptive Medicine ETF | 0.40 |
Most inversely correlated with NVCR
| Symbol | Company | Correlation |
|---|---|---|
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.38 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| RXD | ProShares UltraShort Health Care | -0.32 |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.30 |
Frequently asked questions about NVCR correlations
- Which stocks are most correlated with NVCR?
- Based on one year of daily returns, the stocks most correlated with NovoCure Limited Ordinary Shares (NVCR) are HTEC (0.43), PINK (0.41) and WDNA (0.41). 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 NVCR?
- Over the past year, the stocks most inversely correlated with NovoCure Limited Ordinary Shares (NVCR) are BIS (-0.38), LABD (-0.36) and SARK (-0.34). 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 NVCR correlations calculated?
- We compute the correlation of daily returns between NVCR 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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