Which stocks are most correlated with RNAC?

Based on one year of daily returns, the stocks most correlated with Cartesian Therapeutics, Inc. Common Stock (RNAC) are EDIT (0.48), PTH (0.47) and NKTX (0.47). 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 RNAC?

Over the past year, the stocks most inversely correlated with Cartesian Therapeutics, Inc. Common Stock (RNAC) are LABD (-0.46), BIS (-0.42) and RWM (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

Cartesian Therapeutics, Inc. Common Stock (RNAC) — Stock Correlations & Overview

Over the past year, RNAC has moved most closely with EDIT, PTH, NKTX. Explore the stocks most correlated and inversely correlated with RNAC below, along with its price, financials, and company profile.

Stocks correlated with RNAC

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

Most correlated with RNAC

Symbol	Company	Correlation
EDIT	Editas Medicine, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.48
PTH	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF	0.47
NKTX	Nkarta, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.47
IBRN	iShares Neuroscience and Healthcare ETF	0.46
BBC	Virtus Biotech Clinical Trials ETF	0.46

Most inversely correlated with RNAC

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.46
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.42
RWM	ProShares Short Russell2000	-0.35
SRTY	ProShares UltraPro Short Russell2000	-0.34
TWM	ProShares UltraShort Russell2000	-0.34

Frequently asked questions about RNAC correlations

Which stocks are most correlated with RNAC?: Based on one year of daily returns, the stocks most correlated with Cartesian Therapeutics, Inc. Common Stock (RNAC) are EDIT (0.48), PTH (0.47) and NKTX (0.47). 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 RNAC?: Over the past year, the stocks most inversely correlated with Cartesian Therapeutics, Inc. Common Stock (RNAC) are LABD (-0.46), BIS (-0.42) and RWM (-0.35). 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 RNAC correlations calculated?: We compute the correlation of daily returns between RNAC 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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