Xenon Pharmaceuticals Inc (XENE) — Stock Correlations & Overview
Over the past year, XENE has moved most closely with GSIW, RLMD, IBRN. Explore the stocks most correlated and inversely correlated with XENE below, along with its price, financials, and company profile.
Stocks correlated with XENE
Correlation of daily returns. Higher positive values move with XENE; negative values move opposite it. Informational only, not investment advice.
Most correlated with XENE
| Symbol | Company | Correlation |
|---|---|---|
| GSIW | Garden Stage Limited Class A Ordinary Shares | 0.56 |
| RLMD | Relmada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.55 |
| IBRN | iShares Neuroscience and Healthcare ETF | 0.55 |
| SBIO | ALPS Medical Breakthroughs ETF | 0.46 |
| ANTX | AN2 Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.46 |
Most inversely correlated with XENE
| Symbol | Company | Correlation |
|---|---|---|
| EJH | E-Home Household Service Holdings Limited Ordinary Shares | -0.48 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.43 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.38 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
Frequently asked questions about XENE correlations
- Which stocks are most correlated with XENE?
- Based on one year of daily returns, the stocks most correlated with Xenon Pharmaceuticals Inc (XENE) are GSIW (0.56), RLMD (0.55) and IBRN (0.55). 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 XENE?
- Over the past year, the stocks most inversely correlated with Xenon Pharmaceuticals Inc (XENE) are EJH (-0.48), LABD (-0.43) and BIS (-0.38). 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 XENE correlations calculated?
- We compute the correlation of daily returns between XENE 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.