Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) — Stock Correlations & Overview
Over the past year, SLGL has moved most closely with SPRB, ONMD, VTN. Explore the stocks most correlated and inversely correlated with SLGL below, along with its price, financials, and company profile.
Stocks correlated with SLGL
Correlation of daily returns. Higher positive values move with SLGL; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLGL
| Symbol | Company | Correlation |
|---|---|---|
| SPRB | Spruce Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.23 |
| ONMD | OneMedNet Corp Class A Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | 0.23 |
| VTN | Invesco Trust for Investment Grade New York Municipals | 0.23 |
| JOBX | Tradr 2X Long JOBY Daily ETF | 0.22 |
| RLAY | Relay Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.22 |
Most inversely correlated with SLGL
| Symbol | Company | Correlation |
|---|---|---|
| SLMBP | SLM Corporation Floating-Rate Non-Cumulative Series BPERSONAL CREDIT INSTITUTIONS | -0.21 |
| AIRG | Airgain, Inc. Common StockRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | -0.20 |
| RDGT | Ridgetech, Inc. Ordinary Shares | -0.20 |
| GBR | New Concept Energy IncCRUDE PETROLEUM & NATURAL GAS | -0.20 |
| IBO | Impact BioMedical, Inc.PHARMACEUTICAL PREPARATIONS | -0.19 |
Frequently asked questions about SLGL correlations
- Which stocks are most correlated with SLGL?
- Based on one year of daily returns, the stocks most correlated with Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) are SPRB (0.23), ONMD (0.23) and VTN (0.23). 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 SLGL?
- Over the past year, the stocks most inversely correlated with Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) are SLMBP (-0.21), AIRG (-0.20) and RDGT (-0.20). 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 SLGL correlations calculated?
- We compute the correlation of daily returns between SLGL 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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