Tonix Pharmaceuticals Holding Corp. (TNXP) — Stock Correlations & Overview
Over the past year, TNXP has moved most closely with IWC, XBI, IBRN. Explore the stocks most correlated and inversely correlated with TNXP below, along with its price, financials, and company profile.
Stocks correlated with TNXP
Correlation of daily returns. Higher positive values move with TNXP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TNXP
| Symbol | Company | Correlation |
|---|---|---|
| IWC | iShares Micro-Cap ETF | 0.51 |
| XBI | State Street SPDR S&P Biotech ETF | 0.50 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.49 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.49 |
| QQQS | Invesco NASDAQ Future Gen 200 ETFINVESTMENT ADVICE | 0.48 |
Most inversely correlated with TNXP
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.49 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.45 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.45 |
| TWM | ProShares UltraShort Russell2000 | -0.45 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.44 |
Frequently asked questions about TNXP correlations
- Which stocks are most correlated with TNXP?
- Based on one year of daily returns, the stocks most correlated with Tonix Pharmaceuticals Holding Corp. (TNXP) are IWC (0.51), XBI (0.50) and IBRN (0.49). 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 TNXP?
- Over the past year, the stocks most inversely correlated with Tonix Pharmaceuticals Holding Corp. (TNXP) are LABD (-0.49), SARK (-0.45) and SRTY (-0.45). 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 TNXP correlations calculated?
- We compute the correlation of daily returns between TNXP 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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