Teladoc Health, Inc. (TDOC) — Stock Correlations & Overview
Over the past year, TDOC has moved most closely with CCB, HEAL, SFLO. Explore the stocks most correlated and inversely correlated with TDOC below, along with its price, financials, and company profile.
Stocks correlated with TDOC
Correlation of daily returns. Higher positive values move with TDOC; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDOC
| Symbol | Company | Correlation |
|---|---|---|
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | 0.56 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.54 |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 0.53 |
| RNIN | Bushido Capital US SMID Cap Equity ETF | 0.52 |
| INVN | Alger Russell Innovation ETF | 0.52 |
Most inversely correlated with TDOC
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.50 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.43 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.41 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
Frequently asked questions about TDOC correlations
- Which stocks are most correlated with TDOC?
- Based on one year of daily returns, the stocks most correlated with Teladoc Health, Inc. (TDOC) are CCB (0.56), HEAL (0.54) and SFLO (0.53). 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 TDOC?
- Over the past year, the stocks most inversely correlated with Teladoc Health, Inc. (TDOC) are HDGE (-0.50), DWSH (-0.43) and WEBS (-0.41). 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 TDOC correlations calculated?
- We compute the correlation of daily returns between TDOC 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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