Shattuck Labs, Inc. Common Stock (STTK) — Stock Correlations & Overview
Over the past year, STTK has moved most closely with XBI, LABU, BBC. Explore the stocks most correlated and inversely correlated with STTK below, along with its price, financials, and company profile.
Stocks correlated with STTK
Correlation of daily returns. Higher positive values move with STTK; negative values move opposite it. Informational only, not investment advice.
Most correlated with STTK
| Symbol | Company | Correlation |
|---|---|---|
| XBI | State Street SPDR S&P Biotech ETF | 0.42 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.42 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.41 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.41 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.41 |
Most inversely correlated with STTK
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.42 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.30 |
| RWM | ProShares Short Russell2000 | -0.29 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.29 |
Frequently asked questions about STTK correlations
- Which stocks are most correlated with STTK?
- Based on one year of daily returns, the stocks most correlated with Shattuck Labs, Inc. Common Stock (STTK) are XBI (0.42), LABU (0.42) and BBC (0.41). 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 STTK?
- Over the past year, the stocks most inversely correlated with Shattuck Labs, Inc. Common Stock (STTK) are LABD (-0.42), BIS (-0.36) and SARK (-0.30). 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 STTK correlations calculated?
- We compute the correlation of daily returns between STTK 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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