Which stocks are most correlated with TMO?

Based on one year of daily returns, the stocks most correlated with Thermo Fisher Scientific, Inc. (TMO) are A (0.75), DHR (0.73) and RVTY (0.70). 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 TMO?

Over the past year, the stocks most inversely correlated with Thermo Fisher Scientific, Inc. (TMO) are RXD (-0.53), HDGE (-0.43) and BIS (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Thermo Fisher Scientific, Inc. (TMO) — Stock Correlations & Overview

Over the past year, TMO has moved most closely with A, DHR, RVTY. Explore the stocks most correlated and inversely correlated with TMO below, along with its price, financials, and company profile.

Stocks correlated with TMO

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

Most correlated with TMO

Symbol	Company	Correlation
A	Agilent Technologies Inc.LABORATORY ANALYTICAL INSTRUMENTS	0.75
DHR	Danaher CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL	0.73
RVTY	Revvity, Inc.LABORATORY ANALYTICAL INSTRUMENTS	0.70
IQV	IQVIA Holdings Inc.SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH	0.69
RGEN	Repligen CorpBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.68

Most inversely correlated with TMO

Symbol	Company	Correlation
RXD	ProShares UltraShort Health Care	-0.53
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.43
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.43
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.42
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.35

Frequently asked questions about TMO correlations

Which stocks are most correlated with TMO?: Based on one year of daily returns, the stocks most correlated with Thermo Fisher Scientific, Inc. (TMO) are A (0.75), DHR (0.73) and RVTY (0.70). 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 TMO?: Over the past year, the stocks most inversely correlated with Thermo Fisher Scientific, Inc. (TMO) are RXD (-0.53), HDGE (-0.43) and BIS (-0.43). 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 TMO correlations calculated?: We compute the correlation of daily returns between TMO 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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