PAVmed Inc. Common Stock (PAVM) — Stock Correlations & Overview
Over the past year, PAVM has moved most closely with PLBC, MCB, SFBS. Explore the stocks most correlated and inversely correlated with PAVM below, along with its price, financials, and company profile.
Stocks correlated with PAVM
Correlation of daily returns. Higher positive values move with PAVM; negative values move opposite it. Informational only, not investment advice.
Most correlated with PAVM
| Symbol | Company | Correlation |
|---|---|---|
| PLBC | Plumas BancorpSHORT-TERM BUSINESS CREDIT INSTITUTIONS | 0.36 |
| MCB | Metropolitan Bank Holding Corp. Common Stock, $0.01 par value per shareSTATE COMMERCIAL BANKS | 0.36 |
| SFBS | ServisFirst Bancshares Inc.STATE COMMERCIAL BANKS | 0.35 |
| LSTA | Lisata Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.35 |
| NAMM | Namib Minerals Ordinary Shares | 0.30 |
Most inversely correlated with PAVM
| Symbol | Company | Correlation |
|---|---|---|
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.21 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.21 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.20 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.20 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.20 |
Frequently asked questions about PAVM correlations
- Which stocks are most correlated with PAVM?
- Based on one year of daily returns, the stocks most correlated with PAVmed Inc. Common Stock (PAVM) are PLBC (0.36), MCB (0.36) and SFBS (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 PAVM?
- Over the past year, the stocks most inversely correlated with PAVmed Inc. Common Stock (PAVM) are SLTY (-0.21), UVIX (-0.21) and CARD (-0.20). 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 PAVM correlations calculated?
- We compute the correlation of daily returns between PAVM 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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