Which stocks are most correlated with OM?

Based on one year of daily returns, the stocks most correlated with Outset Medical, Inc. Common Stock (OM) are DAVA (0.44), VOR (0.39) and TLS (0.39). 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 OM?

Over the past year, the stocks most inversely correlated with Outset Medical, Inc. Common Stock (OM) are LFS (-0.45), TWM (-0.34) and SRTY (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Outset Medical, Inc. Common Stock (OM) — Stock Correlations & Overview

Over the past year, OM has moved most closely with DAVA, VOR, TLS. Explore the stocks most correlated and inversely correlated with OM below, along with its price, financials, and company profile.

Stocks correlated with OM

Correlation of daily returns. Higher positive values move with OM; negative values move opposite it. Informational only, not investment advice.

Most correlated with OM

Symbol	Company	Correlation
DAVA	Endava plc American Depositary Shares (each representing one Class A Ordinary Share)	0.44
VOR	Vor Biopharma Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.39
TLS	Telos Corporation Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	0.39
CNNE	Cannae Holdings, Inc. Common StockRETAIL-EATING & DRINKING PLACES	0.38
ONLN	ProShares Online Retail ETF	0.36

Most inversely correlated with OM

Symbol	Company	Correlation
LFS	LEIFRAS Co., Ltd. American Depositary Shares	-0.45
TWM	ProShares UltraShort Russell2000	-0.34
SRTY	ProShares UltraPro Short Russell2000	-0.34
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.34
RWM	ProShares Short Russell2000	-0.34

Frequently asked questions about OM correlations

Which stocks are most correlated with OM?: Based on one year of daily returns, the stocks most correlated with Outset Medical, Inc. Common Stock (OM) are DAVA (0.44), VOR (0.39) and TLS (0.39). 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 OM?: Over the past year, the stocks most inversely correlated with Outset Medical, Inc. Common Stock (OM) are LFS (-0.45), TWM (-0.34) and SRTY (-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 OM correlations calculated?: We compute the correlation of daily returns between OM 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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