Which stocks are most correlated with TEVA?

Based on one year of daily returns, the stocks most correlated with Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) are PBE (0.48), MTC (0.47) and HRTS (0.43). 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 TEVA?

Over the past year, the stocks most inversely correlated with Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) are BIS (-0.42), LABD (-0.38) and RXD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) — Stock Correlations & Overview

Over the past year, TEVA has moved most closely with PBE, MTC, HRTS. Explore the stocks most correlated and inversely correlated with TEVA below, along with its price, financials, and company profile.

Stocks correlated with TEVA

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

Most correlated with TEVA

Symbol	Company	Correlation
PBE	Invesco Biotechnology & Genome ETF	0.48
MTC	MMTec, Inc. Common Shares	0.47
HRTS	Tema ETF Trust Tema Heart & Health ETF	0.43
DRKY	VistaShares Target 15 DRUKMacro Distribution ETF	0.43
FBT	First Trust NYSE Arca Biotechnology Index Fund	0.43

Most inversely correlated with TEVA

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.42
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.38
RXD	ProShares UltraShort Health Care	-0.34
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.33
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.31

Frequently asked questions about TEVA correlations

Which stocks are most correlated with TEVA?: Based on one year of daily returns, the stocks most correlated with Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) are PBE (0.48), MTC (0.47) and HRTS (0.43). 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 TEVA?: Over the past year, the stocks most inversely correlated with Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) are BIS (-0.42), LABD (-0.38) and RXD (-0.34). 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 TEVA correlations calculated?: We compute the correlation of daily returns between TEVA 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.