Spruce Biosciences, Inc. Common Stock (SPRB) — Stock Correlations & Overview
Over the past year, SPRB has moved most closely with ONMD, SLDP, ARBK. Explore the stocks most correlated and inversely correlated with SPRB below, along with its price, financials, and company profile.
Stocks correlated with SPRB
Correlation of daily returns. Higher positive values move with SPRB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPRB
| Symbol | Company | Correlation |
|---|---|---|
| ONMD | OneMedNet Corp Class A Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | 0.56 |
| SLDP | Solid Power, Inc. Class A Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.36 |
| ARBK | Argo Blockchain plc American Depositary Shares | 0.35 |
| AMD | Advanced Micro DevicesSEMICONDUCTORS & RELATED DEVICES | 0.33 |
| IONR | ioneer Ltd American Depositary Shares | 0.33 |
Most inversely correlated with SPRB
| Symbol | Company | Correlation |
|---|---|---|
| SKYE | Skye Bioscience, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.67 |
| LXEH | Lixiang Education Holding Co., Ltd. American Depositary Shares | -0.63 |
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.38 |
| JL | J-Long Group Limited Class A Ordinary Shares | -0.28 |
| CTO | CTO Realty Growth, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.25 |
Frequently asked questions about SPRB correlations
- Which stocks are most correlated with SPRB?
- Based on one year of daily returns, the stocks most correlated with Spruce Biosciences, Inc. Common Stock (SPRB) are ONMD (0.56), SLDP (0.36) and ARBK (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 SPRB?
- Over the past year, the stocks most inversely correlated with Spruce Biosciences, Inc. Common Stock (SPRB) are SKYE (-0.67), LXEH (-0.63) and AMDD (-0.38). 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 SPRB correlations calculated?
- We compute the correlation of daily returns between SPRB 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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