Which stocks are most correlated with QDEL?

Based on one year of daily returns, the stocks most correlated with QuidelOrtho Corporation Common Stock (QDEL) are XHE (0.45), EKG (0.43) and BPAY (0.42). 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 QDEL?

Over the past year, the stocks most inversely correlated with QuidelOrtho Corporation Common Stock (QDEL) are SARK (-0.35), SDD (-0.35) and CARD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

QuidelOrtho Corporation Common Stock (QDEL) — Stock Correlations & Overview

Over the past year, QDEL has moved most closely with XHE, EKG, BPAY. Explore the stocks most correlated and inversely correlated with QDEL below, along with its price, financials, and company profile.

Stocks correlated with QDEL

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

Most correlated with QDEL

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.45
EKG	First Trust Nasdaq Lux Digital Health Solutions ETF	0.43
BPAY	iShares FinTech Active ETF	0.42
TECH	Bio-Techne Corp.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.42
ARKG	ARK Genomic Revolution ETF	0.41

Most inversely correlated with QDEL

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.35
SDD	ProShares UltraShort SmallCap600	-0.35
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.34
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.34
DOG	ProShares Short Dow30	-0.34

Frequently asked questions about QDEL correlations

Which stocks are most correlated with QDEL?: Based on one year of daily returns, the stocks most correlated with QuidelOrtho Corporation Common Stock (QDEL) are XHE (0.45), EKG (0.43) and BPAY (0.42). 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 QDEL?: Over the past year, the stocks most inversely correlated with QuidelOrtho Corporation Common Stock (QDEL) are SARK (-0.35), SDD (-0.35) and CARD (-0.34). 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 QDEL correlations calculated?: We compute the correlation of daily returns between QDEL 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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