Psyence Biomedical Ltd. Common Shares (PBM) — Stock Correlations & Overview
Over the past year, PBM has moved most closely with MYSE, ONFO, BBWI. Explore the stocks most correlated and inversely correlated with PBM below, along with its price, financials, and company profile.
Stocks correlated with PBM
Correlation of daily returns. Higher positive values move with PBM; negative values move opposite it. Informational only, not investment advice.
Most correlated with PBM
| Symbol | Company | Correlation |
|---|---|---|
| MYSE | Myseum.AI, Inc. Common StockTELEGRAPH & OTHER MESSAGE COMMUNICATIONS | 0.41 |
| ONFO | Onfolio Holdings Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.33 |
| BBWI | Bath & Body Works, Inc.RETAIL-RETAIL STORES, NEC | 0.33 |
| BB | BlackBerry LimitedSERVICES-PREPACKAGED SOFTWARE | 0.33 |
| SLMT | Brera Holdings PLC Class B Ordinary Shares | 0.30 |
Most inversely correlated with PBM
| Symbol | Company | Correlation |
|---|---|---|
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.28 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.25 |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | -0.24 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.24 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.23 |
Frequently asked questions about PBM correlations
- Which stocks are most correlated with PBM?
- Based on one year of daily returns, the stocks most correlated with Psyence Biomedical Ltd. Common Shares (PBM) are MYSE (0.41), ONFO (0.33) and BBWI (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 PBM?
- Over the past year, the stocks most inversely correlated with Psyence Biomedical Ltd. Common Shares (PBM) are FIAT (-0.28), CONI (-0.25) and WNTR (-0.24). 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 PBM correlations calculated?
- We compute the correlation of daily returns between PBM 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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