Which stocks are most correlated with TFX?

Based on one year of daily returns, the stocks most correlated with Teleflex Incorporated (TFX) are XHE (0.44), ENOV (0.43) and MDEV (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 TFX?

Over the past year, the stocks most inversely correlated with Teleflex Incorporated (TFX) are HDGE (-0.40), DWSH (-0.39) and SBB (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Teleflex Incorporated (TFX) — Stock Correlations & Overview

Over the past year, TFX has moved most closely with XHE, ENOV, MDEV. Explore the stocks most correlated and inversely correlated with TFX below, along with its price, financials, and company profile.

Stocks correlated with TFX

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

Most correlated with TFX

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.44
ENOV	Enovis CorporationORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES	0.43
MDEV	First Trust Indxx Medical Devices ETF	0.43
SMLL	Harbor Active Small Cap ETF	0.42
XRAY	DENTSPLY SIRONA Inc.DENTAL EQUIPMENT & SUPPLIES	0.42

Most inversely correlated with TFX

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.40
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.39
SBB	ProShares Short SmallCap600	-0.32
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.29
SDD	ProShares UltraShort SmallCap600	-0.29

Frequently asked questions about TFX correlations

Which stocks are most correlated with TFX?: Based on one year of daily returns, the stocks most correlated with Teleflex Incorporated (TFX) are XHE (0.44), ENOV (0.43) and MDEV (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 TFX?: Over the past year, the stocks most inversely correlated with Teleflex Incorporated (TFX) are HDGE (-0.40), DWSH (-0.39) and SBB (-0.32). 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 TFX correlations calculated?: We compute the correlation of daily returns between TFX 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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