UroGen Pharma Ltd. Ordinary Shares (URGN) — Stock Correlations & Overview
Over the past year, URGN has moved most closely with BBP, BBC, CANC. Explore the stocks most correlated and inversely correlated with URGN below, along with its price, financials, and company profile.
Stocks correlated with URGN
Correlation of daily returns. Higher positive values move with URGN; negative values move opposite it. Informational only, not investment advice.
Most correlated with URGN
| Symbol | Company | Correlation |
|---|---|---|
| BBP | Virtus Biotech ETF | 0.40 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.40 |
| CANC | Tema Oncology ETF | 0.40 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.39 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.39 |
Most inversely correlated with URGN
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.39 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.35 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.32 |
| COP | ConocoPhillipsPETROLEUM REFINING | -0.29 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.29 |
Frequently asked questions about URGN correlations
- Which stocks are most correlated with URGN?
- Based on one year of daily returns, the stocks most correlated with UroGen Pharma Ltd. Ordinary Shares (URGN) are BBP (0.40), BBC (0.40) and CANC (0.40). 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 URGN?
- Over the past year, the stocks most inversely correlated with UroGen Pharma Ltd. Ordinary Shares (URGN) are LABD (-0.39), BIS (-0.35) and EUO (-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 URGN correlations calculated?
- We compute the correlation of daily returns between URGN 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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