Which stocks are most correlated with ONC?

Based on one year of daily returns, the stocks most correlated with BeOne Medicines Ltd. American Depositary Shares (ONC) are KURE (0.60), CANC (0.51) and FBT (0.50). 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 ONC?

Over the past year, the stocks most inversely correlated with BeOne Medicines Ltd. American Depositary Shares (ONC) are BIS (-0.47), LABD (-0.41) and YANG (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

BeOne Medicines Ltd. American Depositary Shares (ONC) — Stock Correlations & Overview

Over the past year, ONC has moved most closely with KURE, CANC, FBT. Explore the stocks most correlated and inversely correlated with ONC below, along with its price, financials, and company profile.

Stocks correlated with ONC

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

Most correlated with ONC

Symbol	Company	Correlation
KURE	KraneShares MSCI All China Health Care Index ETF	0.60
CANC	Tema Oncology ETF	0.51
FBT	First Trust NYSE Arca Biotechnology Index Fund	0.50
IBB	iShares Biotechnology ETF	0.50
AGNG	Global X Funds Global X Aging Population ETF	0.48

Most inversely correlated with ONC

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.47
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.41
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.37
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.36
EFU	ProShares Trust UltraShort MSCI EAFE	-0.35

Frequently asked questions about ONC correlations

Which stocks are most correlated with ONC?: Based on one year of daily returns, the stocks most correlated with BeOne Medicines Ltd. American Depositary Shares (ONC) are KURE (0.60), CANC (0.51) and FBT (0.50). 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 ONC?: Over the past year, the stocks most inversely correlated with BeOne Medicines Ltd. American Depositary Shares (ONC) are BIS (-0.47), LABD (-0.41) and YANG (-0.37). 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 ONC correlations calculated?: We compute the correlation of daily returns between ONC 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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