NexGel, Inc Common Stock (NXGL) — Stock Correlations & Overview
Over the past year, NXGL has moved most closely with EYPT, DFSC, BRFH. Explore the stocks most correlated and inversely correlated with NXGL below, along with its price, financials, and company profile.
Stocks correlated with NXGL
Correlation of daily returns. Higher positive values move with NXGL; negative values move opposite it. Informational only, not investment advice.
Most correlated with NXGL
| Symbol | Company | Correlation |
|---|---|---|
| EYPT | EyePoint, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.33 |
| DFSC | DEFSEC Technologies Inc. Common Stock | 0.29 |
| BRFH | Barfresh Food Group Inc. Common StockCANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | 0.28 |
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.28 |
| SCHWpD | Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series DSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.28 |
Most inversely correlated with NXGL
| Symbol | Company | Correlation |
|---|---|---|
| EIIA | Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 | -0.21 |
| UFI | UNIFI, Inc. NewTEXTILE MILL PRODUCTS | -0.20 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.18 |
| KCSH | KraneShares Sustainable Ultra Short Duration Index ETF | -0.18 |
| RZLT | Rezolute, Inc. Common Stock (NV)PHARMACEUTICAL PREPARATIONS | -0.18 |
Frequently asked questions about NXGL correlations
- Which stocks are most correlated with NXGL?
- Based on one year of daily returns, the stocks most correlated with NexGel, Inc Common Stock (NXGL) are EYPT (0.33), DFSC (0.29) and BRFH (0.28). 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 NXGL?
- Over the past year, the stocks most inversely correlated with NexGel, Inc Common Stock (NXGL) are EIIA (-0.21), UFI (-0.20) and PFIX (-0.18). 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 NXGL correlations calculated?
- We compute the correlation of daily returns between NXGL 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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