Soligenix, Inc. Common Stock (SNGX) — Stock Correlations & Overview
Over the past year, SNGX has moved most closely with ERAS, HTCO, FRBA. Explore the stocks most correlated and inversely correlated with SNGX below, along with its price, financials, and company profile.
Stocks correlated with SNGX
Correlation of daily returns. Higher positive values move with SNGX; negative values move opposite it. Informational only, not investment advice.
Most correlated with SNGX
| Symbol | Company | Correlation |
|---|---|---|
| ERAS | Erasca, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.49 |
| HTCO | High-Trend International Group Class A Ordinary Shares | 0.38 |
| FRBA | First Bank | 0.32 |
| AIRE | reAlpha Tech Corp. Common StockREAL ESTATE | 0.31 |
| QGEN | QIAGEN N.V. | 0.31 |
Most inversely correlated with SNGX
| Symbol | Company | Correlation |
|---|---|---|
| KFRC | Kforce Inc.SERVICES-HELP SUPPLY SERVICES | -0.45 |
| KNSA | Kiniksa Pharmaceuticals International, plc Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.36 |
| DDI | DoubleDown Interactive Co., Ltd. American Depository Shares | -0.31 |
| VRRM | Verra Mobility Corporation Class A Common StockTRANSPORTATION SERVICES | -0.30 |
| ATER | Aterian, Inc. Common StockELECTRIC HOUSEWARES & FANS | -0.28 |
Frequently asked questions about SNGX correlations
- Which stocks are most correlated with SNGX?
- Based on one year of daily returns, the stocks most correlated with Soligenix, Inc. Common Stock (SNGX) are ERAS (0.49), HTCO (0.38) and FRBA (0.32). 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 SNGX?
- Over the past year, the stocks most inversely correlated with Soligenix, Inc. Common Stock (SNGX) are KFRC (-0.45), KNSA (-0.36) and DDI (-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 SNGX correlations calculated?
- We compute the correlation of daily returns between SNGX 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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