Oncolytics Biotech, Inc. Common Shares (ONCY) — Stock Correlations & Overview
Over the past year, ONCY has moved most closely with RIME, FINX, BAMV. Explore the stocks most correlated and inversely correlated with ONCY below, along with its price, financials, and company profile.
Stocks correlated with ONCY
Correlation of daily returns. Higher positive values move with ONCY; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONCY
| Symbol | Company | Correlation |
|---|---|---|
| RIME | Algorhythm Holdings, Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.39 |
| FINX | Global X Funds Global X FinTech ETF | 0.37 |
| BAMV | Brookstone Value Stock ETF | 0.35 |
| PFFD | Global X U.S. Preferred ETF | 0.35 |
| GINN | Goldman Sachs Innovate Equity ETF | 0.35 |
Most inversely correlated with ONCY
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.32 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.31 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.31 |
Frequently asked questions about ONCY correlations
- Which stocks are most correlated with ONCY?
- Based on one year of daily returns, the stocks most correlated with Oncolytics Biotech, Inc. Common Shares (ONCY) are RIME (0.39), FINX (0.37) and BAMV (0.35). 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 ONCY?
- Over the past year, the stocks most inversely correlated with Oncolytics Biotech, Inc. Common Shares (ONCY) are SARK (-0.34), CARD (-0.33) and SLTY (-0.32). 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 ONCY correlations calculated?
- We compute the correlation of daily returns between ONCY 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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