GeneDx Holdings Corp. Class A Common Stock (WGS) — Stock Correlations & Overview
Over the past year, WGS has moved most closely with EMBC, AVNW, SHPU. Explore the stocks most correlated and inversely correlated with WGS below, along with its price, financials, and company profile.
Stocks correlated with WGS
Correlation of daily returns. Higher positive values move with WGS; negative values move opposite it. Informational only, not investment advice.
Most correlated with WGS
| Symbol | Company | Correlation |
|---|---|---|
| EMBC | Embecta Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.67 |
| AVNW | Aviat Networks, Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.55 |
| SHPU | Direxion Daily SHOP Bull 2X ETF | 0.47 |
| BRBR | BellRing Brands, Inc.FOOD AND KINDRED PRODUCTS | 0.46 |
| SHOP | Shopify Inc. Class A subordinate voting sharesSERVICES-PREPACKAGED SOFTWARE | 0.45 |
Most inversely correlated with WGS
| Symbol | Company | Correlation |
|---|---|---|
| EVER | EverQuote, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.42 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.31 |
| ABEV | AMBEV S.A. | -0.30 |
| BWET | Breakwave Tanker Shipping ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.28 |
| STRL | Sterling Infrastructure, Inc. Common StockHEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS | -0.28 |
Frequently asked questions about WGS correlations
- Which stocks are most correlated with WGS?
- Based on one year of daily returns, the stocks most correlated with GeneDx Holdings Corp. Class A Common Stock (WGS) are EMBC (0.67), AVNW (0.55) and SHPU (0.47). 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 WGS?
- Over the past year, the stocks most inversely correlated with GeneDx Holdings Corp. Class A Common Stock (WGS) are EVER (-0.42), SARK (-0.31) and ABEV (-0.30). 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 WGS correlations calculated?
- We compute the correlation of daily returns between WGS 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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