Which stocks are most correlated with XFOR?

Based on one year of daily returns, the stocks most correlated with X4 Pharmaceuticals, Inc. Common Stock (XFOR) are IBRN (0.36), SGMT (0.35) and ABEO (0.35). 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 XFOR?

Over the past year, the stocks most inversely correlated with X4 Pharmaceuticals, Inc. Common Stock (XFOR) are LABD (-0.31), SJB (-0.29) and PSQ (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

X4 Pharmaceuticals, Inc. Common Stock (XFOR) — Stock Correlations & Overview

Over the past year, XFOR has moved most closely with IBRN, SGMT, ABEO. Explore the stocks most correlated and inversely correlated with XFOR below, along with its price, financials, and company profile.

Stocks correlated with XFOR

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

Most correlated with XFOR

Symbol	Company	Correlation
IBRN	iShares Neuroscience and Healthcare ETF	0.36
SGMT	Sagimet Biosciences Inc. Series A Common StockPHARMACEUTICAL PREPARATIONS	0.35
ABEO	Abeona Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.35
SLDB	Solid Biosciences Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.34
SBIO	ALPS Medical Breakthroughs ETF	0.33

Most inversely correlated with XFOR

Symbol	Company	Correlation
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.31
SJB	ProShares Short High Yield	-0.29
PSQ	ProShares Short QQQ	-0.29
QID	ProShares UltraShort QQQ	-0.29
SH	ProShares Short S&P500	-0.29

Frequently asked questions about XFOR correlations

Which stocks are most correlated with XFOR?: Based on one year of daily returns, the stocks most correlated with X4 Pharmaceuticals, Inc. Common Stock (XFOR) are IBRN (0.36), SGMT (0.35) and ABEO (0.35). 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 XFOR?: Over the past year, the stocks most inversely correlated with X4 Pharmaceuticals, Inc. Common Stock (XFOR) are LABD (-0.31), SJB (-0.29) and PSQ (-0.29). 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 XFOR correlations calculated?: We compute the correlation of daily returns between XFOR 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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