Which stocks are most correlated with PASW?

Based on one year of daily returns, the stocks most correlated with Ping An Biomedical Co., Ltd. Class A Ordinary Shares (PASW) are ACON (0.57), MTEN (0.45) and BBNX (0.44). 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 PASW?

Over the past year, the stocks most inversely correlated with Ping An Biomedical Co., Ltd. Class A Ordinary Shares (PASW) are CGON (-0.38), ANPA (-0.37) and VLN (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Ping An Biomedical Co., Ltd. Class A Ordinary Shares (PASW) — Stock Correlations & Overview

Over the past year, PASW has moved most closely with ACON, MTEN, BBNX. Explore the stocks most correlated and inversely correlated with PASW below, along with its price, financials, and company profile.

Stocks correlated with PASW

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

Most correlated with PASW

Symbol	Company	Correlation
ACON	Aclarion, Inc. Common StockSERVICES-MEDICAL LABORATORIES	0.57
MTEN	Mingteng International Corporation Inc. Class A Ordinary Shares	0.45
BBNX	Beta Bionics, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.44
SXTC	China SXT Pharmaceuticals, Inc. Class A Ordinary Shares	0.42
AQST	Aquestive Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.42

Most inversely correlated with PASW

Symbol	Company	Correlation
CGON	CG Oncology, Inc. Common stockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	-0.38
ANPA	Rich Sparkle Holdings Limited Ordinary Shares	-0.37
VLN	Valens Semiconductor Ltd.	-0.27
OPAD	Offerpad Solutions Inc. Class A Common StockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS)	-0.25
LDI	loanDepot, Inc.FINANCE SERVICES	-0.23

Frequently asked questions about PASW correlations

Which stocks are most correlated with PASW?: Based on one year of daily returns, the stocks most correlated with Ping An Biomedical Co., Ltd. Class A Ordinary Shares (PASW) are ACON (0.57), MTEN (0.45) and BBNX (0.44). 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 PASW?: Over the past year, the stocks most inversely correlated with Ping An Biomedical Co., Ltd. Class A Ordinary Shares (PASW) are CGON (-0.38), ANPA (-0.37) and VLN (-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 PASW correlations calculated?: We compute the correlation of daily returns between PASW 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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