Pair Trades for NOVO-B (CO) - Novo Nordisk A/S
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| EXEL nasdaq | 89.9% | 2.31 | Biotechnology |
| OLMA nasdaq | 88.4% | 8.52 | Biotechnology |
| IDYA nasdaq | 84.7% | 3.30 | Biotechnology |
| NUVL nasdaq | 84.2% | 5.45 | Biotechnology |
| MIRM nasdaq | 84.1% | 2.39 | Biotechnology |
| APLT nasdaq | 82.0% | 6.02 | Biotechnology |
| VRTX nasdaq | 81.8% | 1.79 | Biotechnology |
| SGEN nasdaq | 80.6% | 2.04 | Biotechnology |
| CABA nasdaq | 79.7% | 3.68 | Biotechnology |
| BBIO nasdaq | 79.4% | 8.01 | Biotechnology |
| IMVT nasdaq | 78.7% | 7.32 | Biotechnology |
| ARGX nasdaq | 77.7% | 2.42 | Biotechnology |
| SVRA nasdaq | 76.8% | 3.82 | Biotechnology |
| INSM nasdaq | 75.6% | 4.29 | Biotechnology |
| MLTX nasdaq | 75.4% | 6.93 | Biotechnology |
| MDXG nasdaq | 73.8% | 4.16 | Biotechnology |
| BLRX nasdaq | 73.5% | 1.01 | Biotechnology |
| ABCM nasdaq | 72.8% | 4.53 | Biotechnology |
| REGN nasdaq | 72.7% | 2.15 | Biotechnology |
| CRNX nasdaq | 71.8% | 5.16 | Biotechnology |
| ALPN nasdaq | 71.7% | 5.09 | Biotechnology |
| DERM nasdaq | 71.0% | 13.46 | Biotechnology |
| DVAX nasdaq | 70.0% | 2.56 | Biotechnology |
| IONS nasdaq | 69.9% | 2.93 | Biotechnology |
| PNT nasdaq | 69.3% | 4.63 | Biotechnology |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SCTL nasdaq | -94.6% | -7.35 | Biotechnology |
| ALLK nasdaq | -94.4% | -4.57 | Biotechnology |
| ABCL nasdaq | -92.9% | -3.00 | Biotechnology |
| ME nasdaq | -92.9% | -6.63 | Biotechnology |
| EBS nyse | -91.5% | -11.04 | Biotechnology |
| SNDX nasdaq | -91.0% | -1.24 | Biotechnology |
| CLDX nasdaq | -90.7% | 0.11 | Biotechnology |
| CMPX nasdaq | -90.6% | -5.06 | Biotechnology |
| AGEN nasdaq | -90.4% | -7.27 | Biotechnology |
| SPRC nasdaq | -90.2% | -7.36 | Biotechnology |
| MRNA nasdaq | -90.2% | -3.59 | Biotechnology |
| DSGN nasdaq | -90.1% | -7.56 | Biotechnology |
| ANIK nasdaq | -89.9% | -0.81 | Biotechnology |
| SNTI nasdaq | -89.9% | -7.65 | Biotechnology |
| ARQT nasdaq | -89.7% | -13.51 | Biotechnology |
| ITOS nasdaq | -89.3% | -3.30 | Biotechnology |
| ALLO nasdaq | -89.3% | -7.16 | Biotechnology |
| SGMO nasdaq | -89.3% | -9.16 | Biotechnology |
| ENTA nasdaq | -89.2% | -8.93 | Biotechnology |
| CMMB nasdaq | -89.1% | -11.22 | Biotechnology |
| KZR nasdaq | -89.0% | -11.20 | Biotechnology |
| ALVR nasdaq | -88.9% | -8.13 | Biotechnology |
| NVTA nyse | -88.9% | -5.87 | Biotechnology |
| IRWD nasdaq | -88.7% | 0.12 | Biotechnology |
| TSVT nasdaq | -88.4% | -15.88 | Biotechnology |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NVO nyse | 99.4% | 2.03 | Pharmaceuticals |
| LLY nyse | 93.3% | 2.70 | Pharmaceuticals |
| CBAY nasdaq | 91.7% | 7.50 | Pharmaceuticals |
| ATR nyse | 90.4% | 0.68 | Metal, Glass & Plast.. |
| EXEL nasdaq | 89.9% | 2.31 | Biotechnology |
| OLMA nasdaq | 88.4% | 8.52 | Biotechnology |
| PETQ nasdaq | 86.3% | 2.68 | Health Care Distribu.. |
| MREO nasdaq | 85.0% | 6.59 | Biotechnology |
| IDYA nasdaq | 84.7% | 3.30 | Biotechnology |
| TALK nasdaq | 84.7% | 6.81 | Health Care Equipmen.. |
| AUGX nasdaq | 84.6% | 2.74 | Health Care Equipmen.. |
| NUVL nasdaq | 84.2% | 5.45 | Biotechnology |
| MIRM nasdaq | 84.1% | 2.39 | Biotechnology |
| RDY nyse | 83.0% | 1.92 | Pharmaceuticals |
| MCK nyse | 82.0% | 1.46 | Health Care Distribu.. |
| APLT nasdaq | 82.0% | 6.02 | Biotechnology |
| VRTX nasdaq | 81.8% | 1.79 | Biotechnology |
| LFMD nasdaq | 81.4% | 12.68 | Health Care Equipmen.. |
| SGEN nasdaq | 80.6% | 2.04 | Biotechnology |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SCTL nasdaq | -94.6% | -7.35 | Biotechnology |
| ALLK nasdaq | -94.4% | -4.57 | Biotechnology |
| PETS nasdaq | -93.5% | -7.64 | Internet & Direct Ma.. |
| WBA nasdaq | -93.1% | -3.48 | Drug Retail |
| OM nasdaq | -93.0% | -14.32 | Health Care Equipmen.. |
| NGM nasdaq | -93.0% | -15.49 | Pharmaceuticals |
| ABCL nasdaq | -92.9% | -3.00 | Biotechnology |
| ME nasdaq | -92.9% | -6.63 | Biotechnology |
| ANGO nasdaq | -92.7% | -4.23 | Health Care Equipmen.. |
| SEER nasdaq | -92.6% | -10.70 | Life Sciences Tools.. |
| PINC nasdaq | -92.0% | -2.15 | Health Care Services |
| SILK nasdaq | -92.0% | -11.95 | Health Care Equipmen.. |
| SGHT nasdaq | -91.8% | -10.31 | Health Care Equipmen.. |
| CPSI nasdaq | -91.8% | -9.35 | Health Care Technolo.. |
| EBS nyse | -91.5% | -11.04 | Biotechnology |
| CUTR nasdaq | -91.5% | -21.05 | Health Care Equipmen.. |
| RAD nyse | -91.4% | -21.42 | Drug Retail |
| AMWL nyse | -91.3% | -7.45 | Health Care Equipmen.. |
| QGEN nyse | -91.3% | -1.20 | Life Sciences Tools.. |
| CERS nasdaq | -91.2% | -4.25 | Health Care Supplies |
| SNDX nasdaq | -91.0% | -1.24 | Biotechnology |
| CLDX nasdaq | -90.7% | 0.11 | Biotechnology |
| CMPX nasdaq | -90.6% | -5.06 | Biotechnology |
| BNGO nasdaq | -90.5% | -15.37 | Life Sciences Tools.. |
| AGEN nasdaq | -90.4% | -7.27 | Biotechnology |