Which stocks are most correlated with PHAT?

Based on one year of daily returns, the stocks most correlated with Phathom Pharmaceuticals, Inc. Common Stock (PHAT) are ALNY (0.43), BBP (0.38) and XPH (0.37). 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 PHAT?

Over the past year, the stocks most inversely correlated with Phathom Pharmaceuticals, Inc. Common Stock (PHAT) are LABD (-0.31), BIS (-0.30) and MKTX (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Phathom Pharmaceuticals, Inc. Common Stock (PHAT) — Stock Correlations & Overview

Over the past year, PHAT has moved most closely with ALNY, BBP, XPH. Explore the stocks most correlated and inversely correlated with PHAT below, along with its price, financials, and company profile.

Stocks correlated with PHAT

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

Most correlated with PHAT

Symbol	Company	Correlation
ALNY	Alnylam Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS	0.43
BBP	Virtus Biotech ETF	0.38
XPH	State Street SPDR S&P Pharmaceuticals ETF	0.37
PILL	Direxion Daily Pharmaceutical & Medical Bull 3X ETF	0.36
CCB	Coastal Financial CorporationSTATE COMMERCIAL BANKS	0.32

Most inversely correlated with PHAT

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.31
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.30
MKTX	MarketAxess Holdings Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES	-0.30
PSX	PHILLIPS 66PETROLEUM REFINING	-0.24
CYCU	Cycurion, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES	-0.23

Frequently asked questions about PHAT correlations

Which stocks are most correlated with PHAT?: Based on one year of daily returns, the stocks most correlated with Phathom Pharmaceuticals, Inc. Common Stock (PHAT) are ALNY (0.43), BBP (0.38) and XPH (0.37). 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 PHAT?: Over the past year, the stocks most inversely correlated with Phathom Pharmaceuticals, Inc. Common Stock (PHAT) are LABD (-0.31), BIS (-0.30) and MKTX (-0.30). 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 PHAT correlations calculated?: We compute the correlation of daily returns between PHAT 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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