Sotera Health Company Common Stock (SHC) — Stock Correlations & Overview
Over the past year, SHC has moved most closely with MDEV, HTEC, FXH. Explore the stocks most correlated and inversely correlated with SHC below, along with its price, financials, and company profile.
Stocks correlated with SHC
Correlation of daily returns. Higher positive values move with SHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with SHC
| Symbol | Company | Correlation |
|---|---|---|
| MDEV | First Trust Indxx Medical Devices ETF | 0.65 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.62 |
| FXH | First Trust Health Care AlphaDEX Fund | 0.61 |
| PSCH | Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE | 0.60 |
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 0.59 |
Frequently asked questions about SHC correlations
- Which stocks are most correlated with SHC?
- Based on one year of daily returns, the stocks most correlated with Sotera Health Company Common Stock (SHC) are MDEV (0.65), HTEC (0.62) and FXH (0.61). 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 SHC?
- Over the past year, the stocks most inversely correlated with Sotera Health Company Common Stock (SHC) are SMDD (-0.53), MYY (-0.52) and MZZ (-0.52). 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 SHC correlations calculated?
- We compute the correlation of daily returns between SHC 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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