Shoulder Innovations, Inc. (SI) — Stock Correlations & Overview
Over the past year, SI has moved most closely with PAWZ, ONON, MH. Explore the stocks most correlated and inversely correlated with SI below, along with its price, financials, and company profile.
Stocks correlated with SI
Correlation of daily returns. Higher positive values move with SI; negative values move opposite it. Informational only, not investment advice.
Most correlated with SI
| Symbol | Company | Correlation |
|---|---|---|
| PAWZ | ProShares Pet Care ETF | 0.34 |
| ONON | On Holding AG | 0.34 |
| MH | McGraw Hill, Inc.MISCELLANEOUS PUBLISHING | 0.33 |
| AGNG | Global X Funds Global X Aging Population ETF | 0.32 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.32 |
Most inversely correlated with SI
| Symbol | Company | Correlation |
|---|---|---|
| RXD | ProShares UltraShort Health Care | -0.31 |
| OBE | Obsidian Energy Ltd. | -0.25 |
| VSA | VisionSys AI Inc American Depositary Shares | -0.24 |
| FET | Forum Energy Technologies, Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT | -0.23 |
| FAAR | First Trust Alternative Absolute Return Strategy ETF | -0.23 |
Frequently asked questions about SI correlations
- Which stocks are most correlated with SI?
- Based on one year of daily returns, the stocks most correlated with Shoulder Innovations, Inc. (SI) are PAWZ (0.34), ONON (0.34) and MH (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 SI?
- Over the past year, the stocks most inversely correlated with Shoulder Innovations, Inc. (SI) are RXD (-0.31), OBE (-0.25) and VSA (-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 SI correlations calculated?
- We compute the correlation of daily returns between SI 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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