Which stocks are most correlated with TNON?

Based on one year of daily returns, the stocks most correlated with Tenon Medical, Inc. Common Stock (TNON) are MRNY (0.49), MRNA (0.47) and LGHT (0.35). 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 TNON?

Over the past year, the stocks most inversely correlated with Tenon Medical, Inc. Common Stock (TNON) are PBTP (-0.32), NMI (-0.30) and BIS (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Tenon Medical, Inc. Common Stock (TNON) — Stock Correlations & Overview

Over the past year, TNON has moved most closely with MRNY, MRNA, LGHT. Explore the stocks most correlated and inversely correlated with TNON below, along with its price, financials, and company profile.

Stocks correlated with TNON

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

Most correlated with TNON

Symbol	Company	Correlation
MRNY	YieldMax MRNA Option Income Strategy ETF	0.49
MRNA	Moderna, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.47
LGHT	Langar Global HealthTech ETF	0.35
IDNA	iShares Genomics Immunology and Healthcare ETF	0.33
WDNA	WisdomTree BioRevolution Fund	0.33

Most inversely correlated with TNON

Symbol	Company	Correlation
PBTP	Invesco 0-5 Yr US TIPS ETFINVESTMENT ADVICE	-0.32
NMI	Nuveen Municipal Income	-0.30
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.29
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.27
GEG	Great Elm Group, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	-0.27

Frequently asked questions about TNON correlations

Which stocks are most correlated with TNON?: Based on one year of daily returns, the stocks most correlated with Tenon Medical, Inc. Common Stock (TNON) are MRNY (0.49), MRNA (0.47) and LGHT (0.35). 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 TNON?: Over the past year, the stocks most inversely correlated with Tenon Medical, Inc. Common Stock (TNON) are PBTP (-0.32), NMI (-0.30) and BIS (-0.29). 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 TNON correlations calculated?: We compute the correlation of daily returns between TNON 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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