Zenas BioPharma, Inc. Common Stock (ZBIO) — Stock Correlations & Overview
Over the past year, ZBIO has moved most closely with SBIO, BBC, VKTX. Explore the stocks most correlated and inversely correlated with ZBIO below, along with its price, financials, and company profile.
Stocks correlated with ZBIO
Correlation of daily returns. Higher positive values move with ZBIO; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZBIO
| Symbol | Company | Correlation |
|---|---|---|
| SBIO | ALPS Medical Breakthroughs ETF | 0.41 |
| BBC | Virtus Biotech Clinical Trials ETF | 0.40 |
| VKTX | Viking Therapeutics, IncPHARMACEUTICAL PREPARATIONS | 0.38 |
| KURA | Kura Oncology, Inc.PHARMACEUTICAL PREPARATIONS | 0.37 |
| LABU | Direxion Daily S&P Biotech Bull 3X ETF | 0.36 |
Most inversely correlated with ZBIO
| Symbol | Company | Correlation |
|---|---|---|
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.36 |
| JCSE | JE Cleantech Holdings Limited Ordinary Shares | -0.34 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.31 |
| TVGNW | Tevogen Inc. WarrantBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.24 |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | -0.24 |
Frequently asked questions about ZBIO correlations
- Which stocks are most correlated with ZBIO?
- Based on one year of daily returns, the stocks most correlated with Zenas BioPharma, Inc. Common Stock (ZBIO) are SBIO (0.41), BBC (0.40) and VKTX (0.38). 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 ZBIO?
- Over the past year, the stocks most inversely correlated with Zenas BioPharma, Inc. Common Stock (ZBIO) are LABD (-0.36), JCSE (-0.34) and BIS (-0.31). 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 ZBIO correlations calculated?
- We compute the correlation of daily returns between ZBIO 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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