PolyPid Ltd. Ordinary Shares (PYPD) — Stock Correlations & Overview
Over the past year, PYPD has moved most closely with CLBK, HYLS, LSTA. Explore the stocks most correlated and inversely correlated with PYPD below, along with its price, financials, and company profile.
Stocks correlated with PYPD
Correlation of daily returns. Higher positive values move with PYPD; negative values move opposite it. Informational only, not investment advice.
Most correlated with PYPD
| Symbol | Company | Correlation |
|---|---|---|
| CLBK | Columbia Financial, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.56 |
| HYLS | First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF | 0.35 |
| LSTA | Lisata Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.33 |
| DHR | Danaher CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.30 |
| LDSF | First Trust Low Duration Strategic Focus ETF | 0.30 |
Most inversely correlated with PYPD
| Symbol | Company | Correlation |
|---|---|---|
| CPHI | China Pharma Holdings, Inc.PHARMACEUTICAL PREPARATIONS | -0.46 |
| UTZ | Utz Brands, Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | -0.46 |
| OMH | Ohmyhome Limited Class A Ordinary Shares | -0.37 |
| SBRA | Sabra Healthcare REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.32 |
| LXPpC | LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.28 |
Frequently asked questions about PYPD correlations
- Which stocks are most correlated with PYPD?
- Based on one year of daily returns, the stocks most correlated with PolyPid Ltd. Ordinary Shares (PYPD) are CLBK (0.56), HYLS (0.35) and LSTA (0.33). 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 PYPD?
- Over the past year, the stocks most inversely correlated with PolyPid Ltd. Ordinary Shares (PYPD) are CPHI (-0.46), UTZ (-0.46) and OMH (-0.37). 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 PYPD correlations calculated?
- We compute the correlation of daily returns between PYPD 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.