Solventum Corporation (SOLV) — Stock Correlations & Overview
Over the past year, SOLV has moved most closely with MDEV, XHE, FLQM. Explore the stocks most correlated and inversely correlated with SOLV below, along with its price, financials, and company profile.
Stocks correlated with SOLV
Correlation of daily returns. Higher positive values move with SOLV; negative values move opposite it. Informational only, not investment advice.
Most correlated with SOLV
| Symbol | Company | Correlation |
|---|---|---|
| MDEV | First Trust Indxx Medical Devices ETF | 0.63 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.63 |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | 0.58 |
| ABCS | Alpha Blue Capital US Small-Mid Cap Dynamic ETF | 0.57 |
| FXH | First Trust Health Care AlphaDEX Fund | 0.57 |
Most inversely correlated with SOLV
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.49 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.47 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.42 |
| SKF | ProShares UltraShort Financials | -0.42 |
Frequently asked questions about SOLV correlations
- Which stocks are most correlated with SOLV?
- Based on one year of daily returns, the stocks most correlated with Solventum Corporation (SOLV) are MDEV (0.63), XHE (0.63) and FLQM (0.58). 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 SOLV?
- Over the past year, the stocks most inversely correlated with Solventum Corporation (SOLV) are HDGE (-0.49), DWSH (-0.47) and FLYD (-0.43). 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 SOLV correlations calculated?
- We compute the correlation of daily returns between SOLV 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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