Which stocks are most correlated with SBC?

Based on one year of daily returns, the stocks most correlated with SBC Medical Group Holdings Incorporated Common Stock (SBC) are RAPP (0.35), SMLV (0.34) and VSHY (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 SBC?

Over the past year, the stocks most inversely correlated with SBC Medical Group Holdings Incorporated Common Stock (SBC) are SBB (-0.25), HDGE (-0.24) and EMTY (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

SBC Medical Group Holdings Incorporated Common Stock (SBC) — Stock Correlations & Overview

Over the past year, SBC has moved most closely with RAPP, SMLV, VSHY. Explore the stocks most correlated and inversely correlated with SBC below, along with its price, financials, and company profile.

Stocks correlated with SBC

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

Most correlated with SBC

Symbol	Company	Correlation
RAPP	Rapport Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.35
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.34
VSHY	Virtus Newfleet Short Duration High Yield Bond ETF	0.33
RRBI	Red River Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS	0.33
MDEV	First Trust Indxx Medical Devices ETF	0.33

Most inversely correlated with SBC

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.25
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.24
EMTY	ProShares Decline of the Retail Store ETF	-0.24
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.23
EFU	ProShares Trust UltraShort MSCI EAFE	-0.23

Frequently asked questions about SBC correlations

Which stocks are most correlated with SBC?: Based on one year of daily returns, the stocks most correlated with SBC Medical Group Holdings Incorporated Common Stock (SBC) are RAPP (0.35), SMLV (0.34) and VSHY (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 SBC?: Over the past year, the stocks most inversely correlated with SBC Medical Group Holdings Incorporated Common Stock (SBC) are SBB (-0.25), HDGE (-0.24) and EMTY (-0.24). 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 SBC correlations calculated?: We compute the correlation of daily returns between SBC 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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