Which stocks are most correlated with XRAY?

Based on one year of daily returns, the stocks most correlated with DENTSPLY SIRONA Inc. (XRAY) are BSMC (0.65), NIXT (0.59) and NVST (0.59). 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 XRAY?

Over the past year, the stocks most inversely correlated with DENTSPLY SIRONA Inc. (XRAY) are DWSH (-0.56), HDGE (-0.53) and CARD (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.

DENTSPLY SIRONA Inc. (XRAY) — Stock Correlations & Overview

Over the past year, XRAY has moved most closely with BSMC, NIXT, NVST. Explore the stocks most correlated and inversely correlated with XRAY below, along with its price, financials, and company profile.

Stocks correlated with XRAY

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

Most correlated with XRAY

Symbol	Company	Correlation
BSMC	Brandes U.S. Small-Mid Cap Value ETF	0.65
NIXT	Research Affiliates Deletions ETF	0.59
NVST	Envista Holdings Corporation Common stock, $0.01 par value per shareDENTAL EQUIPMENT & SUPPLIES	0.59
RWJ	Invesco S&P SmallCap 600 Revenue ETFINVESTMENT ADVICE	0.59
VFVA	Vanguard U.S. Value Factor ETF	0.58

Most inversely correlated with XRAY

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.56
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.53
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.52
SBB	ProShares Short SmallCap600	-0.51
SDD	ProShares UltraShort SmallCap600	-0.49

Frequently asked questions about XRAY correlations

Which stocks are most correlated with XRAY?: Based on one year of daily returns, the stocks most correlated with DENTSPLY SIRONA Inc. (XRAY) are BSMC (0.65), NIXT (0.59) and NVST (0.59). 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 XRAY?: Over the past year, the stocks most inversely correlated with DENTSPLY SIRONA Inc. (XRAY) are DWSH (-0.56), HDGE (-0.53) and CARD (-0.52). 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 XRAY correlations calculated?: We compute the correlation of daily returns between XRAY 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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