Nuvectis Pharma, Inc. Common Stock (NVCT) — Stock Correlations & Overview
Over the past year, NVCT has moved most closely with UNCY, YHC, TC. Explore the stocks most correlated and inversely correlated with NVCT below, along with its price, financials, and company profile.
Stocks correlated with NVCT
Correlation of daily returns. Higher positive values move with NVCT; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVCT
| Symbol | Company | Correlation |
|---|---|---|
| UNCY | Unicycive Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.51 |
| YHC | LQR House Inc. Common StockBEVERAGES | 0.51 |
| TC | Token Cat Limited American Depositary Shares | 0.42 |
| XBI | State Street SPDR S&P Biotech ETF | 0.36 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.36 |
Most inversely correlated with NVCT
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.36 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.34 |
| TW | Tradeweb Markets Inc. Class A Common StockSECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES | -0.29 |
| SJB | ProShares Short High Yield | -0.27 |
| RWM | ProShares Short Russell2000 | -0.26 |
Frequently asked questions about NVCT correlations
- Which stocks are most correlated with NVCT?
- Based on one year of daily returns, the stocks most correlated with Nuvectis Pharma, Inc. Common Stock (NVCT) are UNCY (0.51), YHC (0.51) and TC (0.42). 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 NVCT?
- Over the past year, the stocks most inversely correlated with Nuvectis Pharma, Inc. Common Stock (NVCT) are LABD (-0.36), BIS (-0.34) and TW (-0.29). 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 NVCT correlations calculated?
- We compute the correlation of daily returns between NVCT 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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