Which stocks are most correlated with XTLB?

Based on one year of daily returns, the stocks most correlated with XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) are XBIO (0.34), NXPI (0.32) and XAIR (0.30). 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 XTLB?

Over the past year, the stocks most inversely correlated with XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) are AHTpD (-0.24), CENN (-0.23) and SNYR (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) — Stock Correlations & Overview

Over the past year, XTLB has moved most closely with XBIO, NXPI, XAIR. Explore the stocks most correlated and inversely correlated with XTLB below, along with its price, financials, and company profile.

Stocks correlated with XTLB

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

Most correlated with XTLB

Symbol	Company	Correlation
XBIO	Xenetic Biosciences, Inc.PHARMACEUTICAL PREPARATIONS	0.34
NXPI	NXP Semiconductors N.V.SEMICONDUCTORS & RELATED DEVICES	0.32
XAIR	Beyond Air, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.30
EXTR	Extreme NetworksCOMPUTER COMMUNICATIONS EQUIPMENT	0.27
HYPR	Hyperfine, Inc. Class A Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS	0.27

Most inversely correlated with XTLB

Symbol	Company	Correlation
AHTpD	Ashford Hospitality Trust, Inc. 8.45% Series DREAL ESTATE INVESTMENT TRUSTS	-0.24
CENN	Cenntro Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES	-0.23
SNYR	Synergy CHC Corp. Common StockMEDICINAL CHEMICALS & BOTANICAL PRODUCTS	-0.20
CODX	Co-Diagnostics, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.20
AHTpI	Ashford Hospitality Trust, Inc. 7.50% Series I Cumulative Preferred StockREAL ESTATE INVESTMENT TRUSTS	-0.20

Frequently asked questions about XTLB correlations

Which stocks are most correlated with XTLB?: Based on one year of daily returns, the stocks most correlated with XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) are XBIO (0.34), NXPI (0.32) and XAIR (0.30). 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 XTLB?: Over the past year, the stocks most inversely correlated with XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) are AHTpD (-0.24), CENN (-0.23) and SNYR (-0.20). 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 XTLB correlations calculated?: We compute the correlation of daily returns between XTLB 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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