OneMedNet Corp Class A Common Stock (ONMD) — Stock Correlations & Overview
Over the past year, ONMD has moved most closely with SPRB, CRML, CRMLW. Explore the stocks most correlated and inversely correlated with ONMD below, along with its price, financials, and company profile.
Stocks correlated with ONMD
Correlation of daily returns. Higher positive values move with ONMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONMD
| Symbol | Company | Correlation |
|---|---|---|
| SPRB | Spruce Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.56 |
| CRML | Critical Metals Corp. Ordinary Shares | 0.34 |
| CRMLW | Critical Metals Corp. Warrants | 0.33 |
| NNE | Nano Nuclear Energy Inc. Common StockELECTRIC SERVICES | 0.33 |
| ACHR | Archer Aviation Inc.AIRCRAFT | 0.31 |
Most inversely correlated with ONMD
| Symbol | Company | Correlation |
|---|---|---|
| LXEH | Lixiang Education Holding Co., Ltd. American Depositary Shares | -0.37 |
| SKYE | Skye Bioscience, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.35 |
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.27 |
| NHI | National Health InvestorsREAL ESTATE INVESTMENT TRUSTS | -0.24 |
| CTO | CTO Realty Growth, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.23 |
Frequently asked questions about ONMD correlations
- Which stocks are most correlated with ONMD?
- Based on one year of daily returns, the stocks most correlated with OneMedNet Corp Class A Common Stock (ONMD) are SPRB (0.56), CRML (0.34) and CRMLW (0.33). 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 ONMD?
- Over the past year, the stocks most inversely correlated with OneMedNet Corp Class A Common Stock (ONMD) are LXEH (-0.37), SKYE (-0.35) and AMDD (-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 ONMD correlations calculated?
- We compute the correlation of daily returns between ONMD 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.