Which stocks are most correlated with VREX?

Based on one year of daily returns, the stocks most correlated with Varex Imaging Corporation Common Stock (VREX) are HZO (0.62), BWMN (0.62) and SCKT (0.60). 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 VREX?

Over the past year, the stocks most inversely correlated with Varex Imaging Corporation Common Stock (VREX) are SION (-0.62), TENX (-0.58) and SBB (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

Varex Imaging Corporation Common Stock (VREX) — Stock Correlations & Overview

Over the past year, VREX has moved most closely with HZO, BWMN, SCKT. Explore the stocks most correlated and inversely correlated with VREX below, along with its price, financials, and company profile.

Stocks correlated with VREX

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

Most correlated with VREX

Symbol	Company	Correlation
HZO	MarineMax, Inc.RETAIL-AUTO & HOME SUPPLY STORES	0.62
BWMN	Bowman Consulting Group Ltd. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES	0.62
SCKT	Socket Mobile, Inc. NewELECTRONIC COMPUTERS	0.60
JWEL	Jowell Global Ltd. Ordinary Shares	0.59
NESR	National Energy Services Reunited Corp. Ordinary SharesOIL & GAS FIELD SERVICES, NEC	0.41

Most inversely correlated with VREX

Symbol	Company	Correlation
SION	Sionna Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.62
TENX	Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS	-0.58
SBB	ProShares Short SmallCap600	-0.35
SDD	ProShares UltraShort SmallCap600	-0.35
SMDD	ProShares UltraPro Short MidCap400	-0.35

Frequently asked questions about VREX correlations

Which stocks are most correlated with VREX?: Based on one year of daily returns, the stocks most correlated with Varex Imaging Corporation Common Stock (VREX) are HZO (0.62), BWMN (0.62) and SCKT (0.60). 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 VREX?: Over the past year, the stocks most inversely correlated with Varex Imaging Corporation Common Stock (VREX) are SION (-0.62), TENX (-0.58) and SBB (-0.35). 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 VREX correlations calculated?: We compute the correlation of daily returns between VREX 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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