Which stocks are most correlated with SMTK?

Based on one year of daily returns, the stocks most correlated with SmartKem, Inc. Common Stock (SMTK) are SUNE (0.37), EH (0.29) and IDYA (0.29). 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 SMTK?

Over the past year, the stocks most inversely correlated with SmartKem, Inc. Common Stock (SMTK) are YOUL (-0.25), CCTG (-0.25) and BRIA (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

SmartKem, Inc. Common Stock (SMTK) — Stock Correlations & Overview

Over the past year, SMTK has moved most closely with SUNE, EH, IDYA. Explore the stocks most correlated and inversely correlated with SMTK below, along with its price, financials, and company profile.

Stocks correlated with SMTK

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

Most correlated with SMTK

Symbol	Company	Correlation
SUNE	SUNation Energy, Inc. Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS	0.37
EH	EHang Holdings Limited ADS	0.29
IDYA	IDEAYA Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.29
MPAA	Motorcar Parts of America, Inc.MOTOR VEHICLE PARTS & ACCESSORIES	0.28
CLRB	Cellectar Biosciences INC NEWPHARMACEUTICAL PREPARATIONS	0.26

Most inversely correlated with SMTK

Symbol	Company	Correlation
YOUL	Youlife Group Inc. American Depositary Shares	-0.25
CCTG	CCSC Technology International Holdings Limited Class A Ordinary Shares	-0.25
BRIA	BrilliA Inc	-0.25
WM	Waste Management, Inc.REFUSE SYSTEMS	-0.21
RSG	Republic Services Inc.REFUSE SYSTEMS	-0.21

Frequently asked questions about SMTK correlations

Which stocks are most correlated with SMTK?: Based on one year of daily returns, the stocks most correlated with SmartKem, Inc. Common Stock (SMTK) are SUNE (0.37), EH (0.29) and IDYA (0.29). 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 SMTK?: Over the past year, the stocks most inversely correlated with SmartKem, Inc. Common Stock (SMTK) are YOUL (-0.25), CCTG (-0.25) and BRIA (-0.25). 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 SMTK correlations calculated?: We compute the correlation of daily returns between SMTK 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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