Veracyte, Inc. (VCYT) — Stock Correlations & Overview
Over the past year, VCYT has moved most closely with ARKG, HELX, FBT. Explore the stocks most correlated and inversely correlated with VCYT below, along with its price, financials, and company profile.
Stocks correlated with VCYT
Correlation of daily returns. Higher positive values move with VCYT; negative values move opposite it. Informational only, not investment advice.
Most correlated with VCYT
| Symbol | Company | Correlation |
|---|---|---|
| ARKG | ARK Genomic Revolution ETF | 0.57 |
| HELX | Franklin Genomic Advancements ETF | 0.57 |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 0.56 |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 0.54 |
| PBE | Invesco Biotechnology & Genome ETF | 0.54 |
Most inversely correlated with VCYT
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.47 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.42 |
| TWM | ProShares UltraShort Russell2000 | -0.41 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.41 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.41 |
Frequently asked questions about VCYT correlations
- Which stocks are most correlated with VCYT?
- Based on one year of daily returns, the stocks most correlated with Veracyte, Inc. (VCYT) are ARKG (0.57), HELX (0.57) and FBT (0.56). 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 VCYT?
- Over the past year, the stocks most inversely correlated with Veracyte, Inc. (VCYT) are SARK (-0.47), LABD (-0.42) and TWM (-0.41). 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 VCYT correlations calculated?
- We compute the correlation of daily returns between VCYT 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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