Which stocks are most correlated with PHAR?

Based on one year of daily returns, the stocks most correlated with Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) are PLNT (0.39), TRDA (0.39) and ENGN (0.39). 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 PHAR?

Over the past year, the stocks most inversely correlated with Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) are BIS (-0.27), APT (-0.27) and EFZ (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) — Stock Correlations & Overview

Over the past year, PHAR has moved most closely with PLNT, TRDA, ENGN. Explore the stocks most correlated and inversely correlated with PHAR below, along with its price, financials, and company profile.

Stocks correlated with PHAR

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

Most correlated with PHAR

Symbol	Company	Correlation
PLNT	Planet Fitness, Inc.SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS	0.39
TRDA	Entrada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.39
ENGN	enGene Therapeutics Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.39
IBP	INSTALLED BUILDING PRODUCTS, INC.GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS	0.38
ONEG	OneConstruction Group Limited Ordinary Shares	0.35

Most inversely correlated with PHAR

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.27
APT	Alpha Pro Tech, Ltd.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES	-0.27
EFZ	ProShares Trust Short MSCI EAFE	-0.26
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.26
EPV	ProShares UltraShort FTSE Europe	-0.25

Frequently asked questions about PHAR correlations

Which stocks are most correlated with PHAR?: Based on one year of daily returns, the stocks most correlated with Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) are PLNT (0.39), TRDA (0.39) and ENGN (0.39). 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 PHAR?: Over the past year, the stocks most inversely correlated with Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) are BIS (-0.27), APT (-0.27) and EFZ (-0.26). 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 PHAR correlations calculated?: We compute the correlation of daily returns between PHAR 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.