Which stocks are most correlated with TRDA?

Based on one year of daily returns, the stocks most correlated with Entrada Therapeutics, Inc. Common Stock (TRDA) are ENGN (0.78), PLNT (0.63) and GDC (0.54). 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 TRDA?

Over the past year, the stocks most inversely correlated with Entrada Therapeutics, Inc. Common Stock (TRDA) are APT (-0.49), LABD (-0.40) and BIS (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

Entrada Therapeutics, Inc. Common Stock (TRDA) — Stock Correlations & Overview

Over the past year, TRDA has moved most closely with ENGN, PLNT, GDC. Explore the stocks most correlated and inversely correlated with TRDA below, along with its price, financials, and company profile.

Stocks correlated with TRDA

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

Most correlated with TRDA

Symbol	Company	Correlation
ENGN	enGene Therapeutics Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.78
PLNT	Planet Fitness, Inc.SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS	0.63
GDC	GD Culture Group Limited Common StockWHOLESALE-METALS & MINERALS (NO PETROLEUM)	0.54
IBP	INSTALLED BUILDING PRODUCTS, INC.GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS	0.54
SHAK	Shake Shack Inc.RETAIL-EATING & DRINKING PLACES	0.54

Most inversely correlated with TRDA

Symbol	Company	Correlation
APT	Alpha Pro Tech, Ltd.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES	-0.49
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.40
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.36
AGL	agilon health, inc.SERVICES-MISC HEALTH & ALLIED SERVICES, NEC	-0.36
HRB	H&R Block, Inc.SERVICES-PERSONAL SERVICES	-0.34

Frequently asked questions about TRDA correlations

Which stocks are most correlated with TRDA?: Based on one year of daily returns, the stocks most correlated with Entrada Therapeutics, Inc. Common Stock (TRDA) are ENGN (0.78), PLNT (0.63) and GDC (0.54). 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 TRDA?: Over the past year, the stocks most inversely correlated with Entrada Therapeutics, Inc. Common Stock (TRDA) are APT (-0.49), LABD (-0.40) and BIS (-0.36). 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 TRDA correlations calculated?: We compute the correlation of daily returns between TRDA 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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