Which stocks are most correlated with XBIT?

Based on one year of daily returns, the stocks most correlated with XBiotech Inc (XBIT) are IMNM (0.33), LFS (0.31) and REAL (0.31). 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 XBIT?

Over the past year, the stocks most inversely correlated with XBiotech Inc (XBIT) are SDOW (-0.24), LABD (-0.23) and DXD (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

XBiotech Inc (XBIT) — Stock Correlations & Overview

Over the past year, XBIT has moved most closely with IMNM, LFS, REAL. Explore the stocks most correlated and inversely correlated with XBIT below, along with its price, financials, and company profile.

Stocks correlated with XBIT

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

Most correlated with XBIT

Symbol	Company	Correlation
IMNM	Immunome, Inc.PHARMACEUTICAL PREPARATIONS	0.33
LFS	LEIFRAS Co., Ltd. American Depositary Shares	0.31
REAL	The RealReal, Inc. Common StockRETAIL-MISCELLANEOUS RETAIL	0.31
YETI	YETI Holdings, Inc. Common StockSPORTING & ATHLETIC GOODS, NEC	0.29
SKYH	Sky Harbour Group CorporationREAL ESTATE	0.29

Most inversely correlated with XBIT

Symbol	Company	Correlation
SDOW	ProShares UltraPro Short Dow 30	-0.24
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.23
DXD	ProShares UltraShort Dow 30	-0.23
DOG	ProShares Short Dow30	-0.23
SDD	ProShares UltraShort SmallCap600	-0.23

Frequently asked questions about XBIT correlations

Which stocks are most correlated with XBIT?: Based on one year of daily returns, the stocks most correlated with XBiotech Inc (XBIT) are IMNM (0.33), LFS (0.31) and REAL (0.31). 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 XBIT?: Over the past year, the stocks most inversely correlated with XBiotech Inc (XBIT) are SDOW (-0.24), LABD (-0.23) and DXD (-0.23). 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 XBIT correlations calculated?: We compute the correlation of daily returns between XBIT 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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