Xenetic Biosciences, Inc. (XBIO) — Stock Correlations & Overview
Over the past year, XBIO has moved most closely with NXL, MSN, SCWO. Explore the stocks most correlated and inversely correlated with XBIO below, along with its price, financials, and company profile.
Stocks correlated with XBIO
Correlation of daily returns. Higher positive values move with XBIO; negative values move opposite it. Informational only, not investment advice.
Most correlated with XBIO
| Symbol | Company | Correlation |
|---|---|---|
| NXL | Nexalin Technology, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.46 |
| MSN | Emerson Radio Corp.HOUSEHOLD AUDIO & VIDEO EQUIPMENT | 0.41 |
| SCWO | 374Water Inc. Common StockMOTORS & GENERATORS | 0.41 |
| ACXP | Acurx Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.38 |
| TVA | Texas Ventures Acquisition III Corp Class A Ordinary ShareBLANK CHECKS | 0.38 |
Most inversely correlated with XBIO
| Symbol | Company | Correlation |
|---|---|---|
| CENN | Cenntro Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.44 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.26 |
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.22 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.21 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.20 |
Frequently asked questions about XBIO correlations
- Which stocks are most correlated with XBIO?
- Based on one year of daily returns, the stocks most correlated with Xenetic Biosciences, Inc. (XBIO) are NXL (0.46), MSN (0.41) and SCWO (0.41). 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 XBIO?
- Over the past year, the stocks most inversely correlated with Xenetic Biosciences, Inc. (XBIO) are CENN (-0.44), SARK (-0.26) and AMDD (-0.22). 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 XBIO correlations calculated?
- We compute the correlation of daily returns between XBIO 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.