Which stocks are most correlated with PPBT?

Based on one year of daily returns, the stocks most correlated with Purple Biotech Ltd. American Depositary Shares (PPBT) are NTCL (0.43), DAN (0.39) and AD (0.35). 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 PPBT?

Over the past year, the stocks most inversely correlated with Purple Biotech Ltd. American Depositary Shares (PPBT) are LRN (-0.43), VRNS (-0.40) and GELS (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Purple Biotech Ltd. American Depositary Shares (PPBT) — Stock Correlations & Overview

Over the past year, PPBT has moved most closely with NTCL, DAN, AD. Explore the stocks most correlated and inversely correlated with PPBT below, along with its price, financials, and company profile.

Stocks correlated with PPBT

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

Most correlated with PPBT

Symbol	Company	Correlation
NTCL	NETCLASS TECHNOLOGY INC Class A Ordinary Shares	0.43
DAN	Dana IncorporatedMOTOR VEHICLE PARTS & ACCESSORIES	0.39
AD	Array Digital Infrastructure, Inc.RADIOTELEPHONE COMMUNICATIONS	0.35
PUMP	ProPetro Holding Corp.OIL & GAS FIELD SERVICES, NEC	0.31
ATOS	Atossa Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.31

Most inversely correlated with PPBT

Symbol	Company	Correlation
LRN	Stride, Inc.SERVICES-EDUCATIONAL SERVICES	-0.43
VRNS	Varonis Systems, Inc.SERVICES-PREPACKAGED SOFTWARE	-0.40
GELS	Gelteq Limited Ordinary Shares	-0.38
TACO	Berto Acquisition Corp. Ordinary SharesBLANK CHECKS	-0.35
GLXG	Galaxy Payroll Group Limited Class A Ordinary Shares	-0.33

Frequently asked questions about PPBT correlations

Which stocks are most correlated with PPBT?: Based on one year of daily returns, the stocks most correlated with Purple Biotech Ltd. American Depositary Shares (PPBT) are NTCL (0.43), DAN (0.39) and AD (0.35). 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 PPBT?: Over the past year, the stocks most inversely correlated with Purple Biotech Ltd. American Depositary Shares (PPBT) are LRN (-0.43), VRNS (-0.40) and GELS (-0.38). 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 PPBT correlations calculated?: We compute the correlation of daily returns between PPBT 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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