Simulations Plus, Inc. (SLP) — Stock Correlations & Overview
Over the past year, SLP has moved most closely with CERT, SDGR, AWAY. Explore the stocks most correlated and inversely correlated with SLP below, along with its price, financials, and company profile.
Stocks correlated with SLP
Correlation of daily returns. Higher positive values move with SLP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLP
| Symbol | Company | Correlation |
|---|---|---|
| CERT | Certara, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.53 |
| SDGR | Schrodinger, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.48 |
| AWAY | Amplify Travel Tech ETF | 0.40 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.39 |
| RVTY | Revvity, Inc.LABORATORY ANALYTICAL INSTRUMENTS | 0.39 |
Most inversely correlated with SLP
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.33 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.31 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
| SETH | ProShares Short Ether ETF | -0.28 |
Frequently asked questions about SLP correlations
- Which stocks are most correlated with SLP?
- Based on one year of daily returns, the stocks most correlated with Simulations Plus, Inc. (SLP) are CERT (0.53), SDGR (0.48) and AWAY (0.40). 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 SLP?
- Over the past year, the stocks most inversely correlated with Simulations Plus, Inc. (SLP) are SARK (-0.33), HDGE (-0.33) and WEBS (-0.31). 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 SLP correlations calculated?
- We compute the correlation of daily returns between SLP 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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