Which stocks are most correlated with SYK?

Based on one year of daily returns, the stocks most correlated with Stryker Corporation (SYK) are IHI (0.77), MDT (0.61) and RSPH (0.60). 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 SYK?

Over the past year, the stocks most inversely correlated with Stryker Corporation (SYK) are RXD (-0.54), REK (-0.40) and DRV (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Stryker Corporation (SYK) — Stock Correlations & Overview

Over the past year, SYK has moved most closely with IHI, MDT, RSPH. Explore the stocks most correlated and inversely correlated with SYK below, along with its price, financials, and company profile.

Stocks correlated with SYK

Correlation of daily returns. Higher positive values move with SYK; negative values move opposite it. Informational only, not investment advice.

Most correlated with SYK

Symbol	Company	Correlation
IHI	iShares U.S. Medical Devices ETF	0.77
MDT	Medtronic plcELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS	0.61
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	0.60
XHE	State Street SPDR S&P Health Care Equipment ETF	0.58
MDEV	First Trust Indxx Medical Devices ETF	0.56

Most inversely correlated with SYK

Symbol	Company	Correlation
RXD	ProShares UltraShort Health Care	-0.54
REK	ProShares Short Real Estate	-0.40
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.40
SRS	ProShares UltraShort Real Estate	-0.39
SZK	ProShares UltraShort Consumer Staples	-0.38

Frequently asked questions about SYK correlations

Which stocks are most correlated with SYK?: Based on one year of daily returns, the stocks most correlated with Stryker Corporation (SYK) are IHI (0.77), MDT (0.61) and RSPH (0.60). 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 SYK?: Over the past year, the stocks most inversely correlated with Stryker Corporation (SYK) are RXD (-0.54), REK (-0.40) and DRV (-0.40). 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 SYK correlations calculated?: We compute the correlation of daily returns between SYK 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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