Sunshine Biopharma Inc. (SBFM) — Stock Correlations & Overview
Over the past year, SBFM has moved most closely with SACH, NGG, HCAI. Explore the stocks most correlated and inversely correlated with SBFM below, along with its price, financials, and company profile.
Stocks correlated with SBFM
Correlation of daily returns. Higher positive values move with SBFM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SBFM
| Symbol | Company | Correlation |
|---|---|---|
| SACH | Sachem Capital Corp. Common SharesREAL ESTATE INVESTMENT TRUSTS | 0.38 |
| NGG | National Grid PLC | 0.33 |
| HCAI | Huachen AI Parking Management Technology Holding Co., Ltd. Ordinary Shares | 0.32 |
| GOVX | GeoVax Labs, Inc. NewPHARMACEUTICAL PREPARATIONS | 0.32 |
| BRC | Brady CorporationMISCELLANEOUS MANUFACTURING INDUSTRIES | 0.31 |
Most inversely correlated with SBFM
| Symbol | Company | Correlation |
|---|---|---|
| DAIO | Data I/O CorpINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS | -0.24 |
| MRNO | Murano Global Investments PLC Ordinary Shares | -0.24 |
| TRT | Trio-Tech InternationalSPECIAL INDUSTRY MACHINERY, NEC | -0.23 |
| PIII | P3 Health Partners Inc. Common StockSERVICES-HEALTH SERVICES | -0.23 |
| RBIL | F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | -0.22 |
Frequently asked questions about SBFM correlations
- Which stocks are most correlated with SBFM?
- Based on one year of daily returns, the stocks most correlated with Sunshine Biopharma Inc. (SBFM) are SACH (0.38), NGG (0.33) and HCAI (0.32). 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 SBFM?
- Over the past year, the stocks most inversely correlated with Sunshine Biopharma Inc. (SBFM) are DAIO (-0.24), MRNO (-0.24) and TRT (-0.23). 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 SBFM correlations calculated?
- We compute the correlation of daily returns between SBFM 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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