SIMPPLE LTD. Ordinary Shares (SPPL) — Stock Correlations & Overview
Over the past year, SPPL has moved most closely with RCON, USNA, LMAT. Explore the stocks most correlated and inversely correlated with SPPL below, along with its price, financials, and company profile.
Stocks correlated with SPPL
Correlation of daily returns. Higher positive values move with SPPL; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPPL
| Symbol | Company | Correlation |
|---|---|---|
| RCON | Recon Technology, Ltd. Class A Ordinary SharesOIL & GAS FIELD SERVICES, NEC | 0.43 |
| USNA | USANA Health Sciences IncMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.37 |
| LMAT | LeMaitre Vascular, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.35 |
| STG | Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share | 0.31 |
| TBLA | Taboola.com Ltd. Ordinary SharesSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.29 |
Most inversely correlated with SPPL
| Symbol | Company | Correlation |
|---|---|---|
| URGN | UroGen Pharma Ltd. Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.28 |
| GERN | Geron CorpPHARMACEUTICAL PREPARATIONS | -0.27 |
| CRL | Charles River Laboratories International, Inc.SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | -0.26 |
| XPEL | XPEL, Inc. Common StockCOATING, ENGRAVING & ALLIED SERVICES | -0.26 |
| GTE | Gran Tierra Energy Inc.CRUDE PETROLEUM & NATURAL GAS | -0.26 |
Frequently asked questions about SPPL correlations
- Which stocks are most correlated with SPPL?
- Based on one year of daily returns, the stocks most correlated with SIMPPLE LTD. Ordinary Shares (SPPL) are RCON (0.43), USNA (0.37) and LMAT (0.35). 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 SPPL?
- Over the past year, the stocks most inversely correlated with SIMPPLE LTD. Ordinary Shares (SPPL) are URGN (-0.28), GERN (-0.27) and CRL (-0.26). 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 SPPL correlations calculated?
- We compute the correlation of daily returns between SPPL 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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