Beyond Air, Inc. Common Stock (XAIR) — Stock Correlations & Overview
Over the past year, XAIR has moved most closely with ELUT, XTLB, FBIOP. Explore the stocks most correlated and inversely correlated with XAIR below, along with its price, financials, and company profile.
Stocks correlated with XAIR
Correlation of daily returns. Higher positive values move with XAIR; negative values move opposite it. Informational only, not investment advice.
Most correlated with XAIR
| Symbol | Company | Correlation |
|---|---|---|
| ELUT | Elutia Inc. Class A Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.30 |
| XTLB | XTL Biopharmaceuticals Ltd. American Depositary Shares | 0.30 |
| FBIOP | Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred StockPHARMACEUTICAL PREPARATIONS | 0.30 |
| SNTG | Sentage Holdings Inc. Class A Ordinary Shares | 0.29 |
| IOTR | iOThree Limited Ordinary Shares | 0.29 |
Most inversely correlated with XAIR
| Symbol | Company | Correlation |
|---|---|---|
| AHTpI | Ashford Hospitality Trust, Inc. 7.50% Series I Cumulative Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.39 |
| AHTpD | Ashford Hospitality Trust, Inc. 8.45% Series DREAL ESTATE INVESTMENT TRUSTS | -0.36 |
| NMIH | NMI Holdings Inc. Common StockSURETY INSURANCE | -0.26 |
| MTG | MGIC Investment Corp.SURETY INSURANCE | -0.26 |
| RDN | Radian Group Inc.SURETY INSURANCE | -0.21 |
Frequently asked questions about XAIR correlations
- Which stocks are most correlated with XAIR?
- Based on one year of daily returns, the stocks most correlated with Beyond Air, Inc. Common Stock (XAIR) are ELUT (0.30), XTLB (0.30) and FBIOP (0.30). 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 XAIR?
- Over the past year, the stocks most inversely correlated with Beyond Air, Inc. Common Stock (XAIR) are AHTpI (-0.39), AHTpD (-0.36) and NMIH (-0.26). 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 XAIR correlations calculated?
- We compute the correlation of daily returns between XAIR 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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