Axcelis Technologies Inc (ACLS) — Stock Correlations & Overview
Over the past year, ACLS has moved most closely with VECO, PSI, COHU. Explore the stocks most correlated and inversely correlated with ACLS below, along with its price, financials, and company profile.
Stocks correlated with ACLS
Correlation of daily returns. Higher positive values move with ACLS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACLS
| Symbol | Company | Correlation |
|---|---|---|
| VECO | Veeco Instruments IncSPECIAL INDUSTRY MACHINERY, NEC | 0.94 |
| PSI | Invesco Semiconductors ETF | 0.75 |
| COHU | Cohu IncINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS | 0.72 |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 0.71 |
| TINY | ProShares Nanotechnology ETF | 0.71 |
Most inversely correlated with ACLS
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.71 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.66 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.64 |
| SSG | ProShares UltraShort Semiconductors | -0.64 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.62 |
Frequently asked questions about ACLS correlations
- Which stocks are most correlated with ACLS?
- Based on one year of daily returns, the stocks most correlated with Axcelis Technologies Inc (ACLS) are VECO (0.94), PSI (0.75) and COHU (0.72). 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 ACLS?
- Over the past year, the stocks most inversely correlated with Axcelis Technologies Inc (ACLS) are SOXS (-0.71), HIBS (-0.66) and BTAL (-0.64). 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 ACLS correlations calculated?
- We compute the correlation of daily returns between ACLS 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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