Insulet Corporation (PODD) — Stock Correlations & Overview
Over the past year, PODD has moved most closely with LMAT, XHE, IHI. Explore the stocks most correlated and inversely correlated with PODD below, along with its price, financials, and company profile.
Stocks correlated with PODD
Correlation of daily returns. Higher positive values move with PODD; negative values move opposite it. Informational only, not investment advice.
Most correlated with PODD
| Symbol | Company | Correlation |
|---|---|---|
| LMAT | LeMaitre Vascular, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.55 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.54 |
| IHI | iShares U.S. Medical Devices ETF | 0.53 |
| MDEV | First Trust Indxx Medical Devices ETF | 0.45 |
| LGHT | Langar Global HealthTech ETF | 0.45 |
Most inversely correlated with PODD
| Symbol | Company | Correlation |
|---|---|---|
| RDAC | Rising Dragon Acquisition Corp. Ordinary SharesBLANK CHECKS | -0.31 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.31 |
| GTE | Gran Tierra Energy Inc.CRUDE PETROLEUM & NATURAL GAS | -0.30 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.29 |
| RXD | ProShares UltraShort Health Care | -0.28 |
Frequently asked questions about PODD correlations
- Which stocks are most correlated with PODD?
- Based on one year of daily returns, the stocks most correlated with Insulet Corporation (PODD) are LMAT (0.55), XHE (0.54) and IHI (0.53). 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 PODD?
- Over the past year, the stocks most inversely correlated with Insulet Corporation (PODD) are RDAC (-0.31), DWSH (-0.31) and GTE (-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 PODD correlations calculated?
- We compute the correlation of daily returns between PODD 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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