NVO Novo-Nordisk A/S

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

NVO vs EDEN

Both indexed to 100 at 2026-05-11.

NVO EDEN · range 81–111 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

EDEN iShares MSCI Denmark ETF

ρ +0.74beyond mkt +0.68holdout +0.63stable 100%robust

OZEM Roundhill ETF Trust Roundhill GLP-1 & Weight Loss ETF

ρ +0.65beyond mkt +0.48holdout +0.66stable 100%robust

PPH VanEck Pharmaceutical ETF

ρ +0.57beyond mkt +0.39holdout +0.60stable 100%robust

HRTS Tema ETF Trust Tema Heart & Health ETF

ρ +0.55beyond mkt +0.28holdout +0.62stable 100%robust

DNL WisdomTree Global ex-U.S. Quality Growth Fund

ρ +0.38beyond mkt +0.25holdout +0.19stable 88%robust

AGNG Global X Funds Global X Aging Population ETF

ρ +0.53beyond mkt +0.23holdout +0.62stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

EEA The European Equity Fund, Inc.

horizon 10dρ +0.47holdout +0.45stable 88%robust

HIW Highwoods Properties Inc.

horizon 10dρ +0.47holdout +0.50stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF

Δ -0.66recent -0.57prior +0.09beyond mkt +0.11

IPGP IPG Photonics Corporation Common Stock

Δ -0.61recent -0.42prior +0.19beyond mkt +0.03

BHE Benchmark Electronics

Δ -0.60recent -0.48prior +0.13beyond mkt +0.00

AHLT American Beacon AHL Trend ETF

Δ -0.56recent -0.39prior +0.17beyond mkt +0.06

GHM Graham Corporation

Δ -0.56recent -0.39prior +0.17beyond mkt +0.02

AEHR Aehr Test Systems Common Stock

Δ -0.55recent -0.34prior +0.21beyond mkt +0.09

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
EDEN iShares MSCI Denmark ETF	+0.68	+0.74	9
PPH VanEck Pharmaceutical ETF	+0.39	+0.57	11
OZEM Roundhill ETF Trust Roundhill GLP-1 & Weight Loss ETF	+0.48	+0.65	15