Picard Medical, Inc. (PMI) — Stock Correlations & Overview
Over the past year, PMI has moved most closely with ALMS, GNTX, AIRE. Explore the stocks most correlated and inversely correlated with PMI below, along with its price, financials, and company profile.
Stocks correlated with PMI
Correlation of daily returns. Higher positive values move with PMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMI
| Symbol | Company | Correlation |
|---|---|---|
| ALMS | Alumis Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| GNTX | Gentex CorpMOTOR VEHICLE PARTS & ACCESSORIES | 0.27 |
| AIRE | reAlpha Tech Corp. Common StockREAL ESTATE | 0.26 |
| WVVIP | Willamette Valley Vineyards, Inc. Series A Redeemable Preferred StockBEVERAGES | 0.25 |
| DAIC | CID HoldCo, Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.24 |
Most inversely correlated with PMI
| Symbol | Company | Correlation |
|---|---|---|
| SSM | Sono Group N.V. Ordinary SharesFINANCE SERVICES | -0.21 |
| INBX | Inhibrx Biosciences, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.20 |
| SLQT | SelectQuote, Inc.INSURANCE AGENTS, BROKERS & SERVICE | -0.19 |
| FULC | Fulcrum Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.19 |
| GRND | Grindr Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.19 |
Frequently asked questions about PMI correlations
- Which stocks are most correlated with PMI?
- Based on one year of daily returns, the stocks most correlated with Picard Medical, Inc. (PMI) are ALMS (0.27), GNTX (0.27) and AIRE (0.26). 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 PMI?
- Over the past year, the stocks most inversely correlated with Picard Medical, Inc. (PMI) are SSM (-0.21), INBX (-0.20) and SLQT (-0.19). 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 PMI correlations calculated?
- We compute the correlation of daily returns between PMI 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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