Tectonic Therapeutic, Inc. Common Stock (TECX) — Stock Correlations & Overview
Over the past year, TECX has moved most closely with SBIO, BBC, CANC. Explore the stocks most correlated and inversely correlated with TECX below, along with its price, financials, and company profile.
Stocks correlated with TECX
Correlation of daily returns. Higher positive values move with TECX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TECX
| Symbol | Company | Correlation |
|---|---|---|
| SBIO | ALPS Medical Breakthroughs ETF | 0.43 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.43 |
| CANC | Tema Oncology ETF | 0.41 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.41 |
| XBI | State Street SPDR S&P Biotech ETF | 0.41 |
Most inversely correlated with TECX
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.41 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.36 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.21 |
| SMCZ | Defiance Daily Target 2X Short SMCI ETF | -0.21 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.20 |
Frequently asked questions about TECX correlations
- Which stocks are most correlated with TECX?
- Based on one year of daily returns, the stocks most correlated with Tectonic Therapeutic, Inc. Common Stock (TECX) are SBIO (0.43), BBC (0.43) and CANC (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 TECX?
- Over the past year, the stocks most inversely correlated with Tectonic Therapeutic, Inc. Common Stock (TECX) are LABD (-0.41), BIS (-0.36) and SLTY (-0.21). 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 TECX correlations calculated?
- We compute the correlation of daily returns between TECX 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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