Silynxcom Ltd. (SYNX) — Stock Correlations & Overview
Over the past year, SYNX has moved most closely with PRSO, MXC, IBG. Explore the stocks most correlated and inversely correlated with SYNX below, along with its price, financials, and company profile.
Stocks correlated with SYNX
Correlation of daily returns. Higher positive values move with SYNX; negative values move opposite it. Informational only, not investment advice.
Most correlated with SYNX
| Symbol | Company | Correlation |
|---|---|---|
| PRSO | Peraso, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 0.33 |
| MXC | Mexco Energy CorporationCRUDE PETROLEUM & NATURAL GAS | 0.32 |
| IBG | Innovation Beverage Group Limited Ordinary Shares | 0.27 |
| EDSA | Edesa Biotech, Inc. Common SharesPHARMACEUTICAL PREPARATIONS | 0.26 |
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | 0.25 |
Most inversely correlated with SYNX
| Symbol | Company | Correlation |
|---|---|---|
| AQN | Algonquin Power & Utilities Corp | -0.30 |
| CLDI | Calidi Biotherapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.30 |
| PROF | Profound Medical Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.26 |
| MDXG | MiMedx Group, IncSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.24 |
| MDCX | Medicus Pharma Ltd. Common StockPHARMACEUTICAL PREPARATIONS | -0.20 |
Frequently asked questions about SYNX correlations
- Which stocks are most correlated with SYNX?
- Based on one year of daily returns, the stocks most correlated with Silynxcom Ltd. (SYNX) are PRSO (0.33), MXC (0.32) and IBG (0.27). 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 SYNX?
- Over the past year, the stocks most inversely correlated with Silynxcom Ltd. (SYNX) are AQN (-0.30), CLDI (-0.30) and PROF (-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 SYNX correlations calculated?
- We compute the correlation of daily returns between SYNX 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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