OKYO Pharma Limited Ordinary Shares (OKYO) — Stock Correlations & Overview
Over the past year, OKYO has moved most closely with ARKT, RXRX, QSI. Explore the stocks most correlated and inversely correlated with OKYO below, along with its price, financials, and company profile.
Stocks correlated with OKYO
Correlation of daily returns. Higher positive values move with OKYO; negative values move opposite it. Informational only, not investment advice.
Most correlated with OKYO
| Symbol | Company | Correlation |
|---|---|---|
| ARKT | ARK DIET Q4 Buffer ETF | 0.36 |
| RXRX | Recursion Pharmaceuticals, Inc. Class A Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.33 |
| QSI | Quantum-Si Incorporated Class A Common StockMEASURING & CONTROLLING DEVICES, NEC | 0.31 |
| EXG | Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 0.31 |
| IRON | Disc Medicine, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.30 |
Most inversely correlated with OKYO
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.29 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.29 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.27 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.27 |
Frequently asked questions about OKYO correlations
- Which stocks are most correlated with OKYO?
- Based on one year of daily returns, the stocks most correlated with OKYO Pharma Limited Ordinary Shares (OKYO) are ARKT (0.36), RXRX (0.33) and QSI (0.31). 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 OKYO?
- Over the past year, the stocks most inversely correlated with OKYO Pharma Limited Ordinary Shares (OKYO) are QQDN (-0.29), SARK (-0.29) and BERZ (-0.27). 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 OKYO correlations calculated?
- We compute the correlation of daily returns between OKYO 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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