Which stocks are most correlated with SLN?

Based on one year of daily returns, the stocks most correlated with Silence Therapeutics Plc American Depository Share (SLN) are LABU (0.40), XBI (0.40) and BBC (0.39). 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 SLN?

Over the past year, the stocks most inversely correlated with Silence Therapeutics Plc American Depository Share (SLN) are LABD (-0.39), BIS (-0.34) and SARK (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Silence Therapeutics Plc American Depository Share (SLN) — Stock Correlations & Overview

Over the past year, SLN has moved most closely with LABU, XBI, BBC. Explore the stocks most correlated and inversely correlated with SLN below, along with its price, financials, and company profile.

Stocks correlated with SLN

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

Most correlated with SLN

Symbol	Company	Correlation
LABU	Direxion Daily S&P Biotech Bull 3X ETF	0.40
XBI	State Street SPDR S&P Biotech ETF	0.40
BBC	Virtus Biotech Clinical Trials ETF	0.39
SBIO	ALPS Medical Breakthroughs ETF	0.37
RCUS	Arcus Biosciences, Inc.PHARMACEUTICAL PREPARATIONS	0.36

Most inversely correlated with SLN

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.39
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.34
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.30
RWM	ProShares Short Russell2000	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.30

Frequently asked questions about SLN correlations

Which stocks are most correlated with SLN?: Based on one year of daily returns, the stocks most correlated with Silence Therapeutics Plc American Depository Share (SLN) are LABU (0.40), XBI (0.40) and BBC (0.39). 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 SLN?: Over the past year, the stocks most inversely correlated with Silence Therapeutics Plc American Depository Share (SLN) are LABD (-0.39), BIS (-0.34) and SARK (-0.30). 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 SLN correlations calculated?: We compute the correlation of daily returns between SLN 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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