SANUWAVE Health, Inc. Common Stock (SNWV) — Stock Correlations & Overview
Over the past year, SNWV has moved most closely with CRDF, DOMO, GIL. Explore the stocks most correlated and inversely correlated with SNWV below, along with its price, financials, and company profile.
Stocks correlated with SNWV
Correlation of daily returns. Higher positive values move with SNWV; negative values move opposite it. Informational only, not investment advice.
Most correlated with SNWV
| Symbol | Company | Correlation |
|---|---|---|
| CRDF | Cardiff Oncology, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.36 |
| DOMO | Domo, Inc. Class B Common StockSERVICES-PREPACKAGED SOFTWARE | 0.34 |
| GIL | Gildan Activewear Inc. | 0.32 |
| CIIT | Tianci International, Inc. Common StockCOMPUTER COMMUNICATIONS EQUIPMENT | 0.29 |
| SJLD | SanJac Alpha Low Duration ETF | 0.29 |
Most inversely correlated with SNWV
| Symbol | Company | Correlation |
|---|---|---|
| CRVO | CervoMed Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.33 |
| IVDA | Iveda Solutions, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | -0.23 |
| NMRA | Neumora Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.21 |
| CCTG | CCSC Technology International Holdings Limited Class A Ordinary Shares | -0.20 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.19 |
Frequently asked questions about SNWV correlations
- Which stocks are most correlated with SNWV?
- Based on one year of daily returns, the stocks most correlated with SANUWAVE Health, Inc. Common Stock (SNWV) are CRDF (0.36), DOMO (0.34) and GIL (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 SNWV?
- Over the past year, the stocks most inversely correlated with SANUWAVE Health, Inc. Common Stock (SNWV) are CRVO (-0.33), IVDA (-0.23) and NMRA (-0.21). 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 SNWV correlations calculated?
- We compute the correlation of daily returns between SNWV 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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