Which stocks are most correlated with PRAX?

Based on one year of daily returns, the stocks most correlated with Praxis Precision Medicines, Inc. Common Stock (PRAX) are JBHT (0.42), IBRN (0.39) and APLM (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 PRAX?

Over the past year, the stocks most inversely correlated with Praxis Precision Medicines, Inc. Common Stock (PRAX) are AIV (-0.44), GSBC (-0.43) and ZION (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Praxis Precision Medicines, Inc. Common Stock (PRAX) — Stock Correlations & Overview

Over the past year, PRAX has moved most closely with JBHT, IBRN, APLM. Explore the stocks most correlated and inversely correlated with PRAX below, along with its price, financials, and company profile.

Stocks correlated with PRAX

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

Most correlated with PRAX

Symbol	Company	Correlation
JBHT	JB Hunt Transport Services IncTRUCKING (NO LOCAL)	0.42
IBRN	iShares Neuroscience and Healthcare ETF	0.39
APLM	Apollomics Inc. Class A Ordinary Shares	0.39
MIRA	MIRA Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.39
RYOJ	rYojbaba Co., Ltd. Common Shares	0.33

Most inversely correlated with PRAX

Symbol	Company	Correlation
AIV	Apartment Investment and Management CompanyREAL ESTATE INVESTMENT TRUSTS	-0.44
GSBC	Great Southern Bancorp IncSTATE COMMERCIAL BANKS	-0.43
ZION	Zions Bancorporation N.A.NATIONAL COMMERCIAL BANKS	-0.40
KVUE	Kenvue Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS	-0.40
CBSH	Commerce Bancshares IncSTATE COMMERCIAL BANKS	-0.36

Frequently asked questions about PRAX correlations

Which stocks are most correlated with PRAX?: Based on one year of daily returns, the stocks most correlated with Praxis Precision Medicines, Inc. Common Stock (PRAX) are JBHT (0.42), IBRN (0.39) and APLM (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 PRAX?: Over the past year, the stocks most inversely correlated with Praxis Precision Medicines, Inc. Common Stock (PRAX) are AIV (-0.44), GSBC (-0.43) and ZION (-0.40). 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 PRAX correlations calculated?: We compute the correlation of daily returns between PRAX 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.