Which stocks are most correlated with ADI?

Based on one year of daily returns, the stocks most correlated with Analog Devices, Inc. (ADI) are TXN (0.82), MCHP (0.81) and MCHPP (0.80). 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 ADI?

Over the past year, the stocks most inversely correlated with Analog Devices, Inc. (ADI) are SOXS (-0.74), HIBS (-0.69) and PSQ (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

Analog Devices, Inc. (ADI) — Stock Correlations & Overview

Over the past year, ADI has moved most closely with TXN, MCHP, MCHPP. Explore the stocks most correlated and inversely correlated with ADI below, along with its price, financials, and company profile.

Stocks correlated with ADI

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

Most correlated with ADI

Symbol	Company	Correlation
TXN	Texas Instruments IncorporatedSEMICONDUCTORS & RELATED DEVICES	0.82
MCHP	Microchip Technology IncSEMICONDUCTORS & RELATED DEVICES	0.81
MCHPP	Microchip Technology Incorporated Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred StockSEMICONDUCTORS & RELATED DEVICES	0.80
ON	ON Semiconductor CorpSEMICONDUCTORS & RELATED DEVICES	0.78
MOTO	Guinness Atkinson Smart Transportation & Technology ETF	0.76

Most inversely correlated with ADI

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.74
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.69
PSQ	ProShares Short QQQ	-0.65
SQQQ	ProShares UltraPro Short QQQ	-0.65
QID	ProShares UltraShort QQQ	-0.65

Frequently asked questions about ADI correlations

Which stocks are most correlated with ADI?: Based on one year of daily returns, the stocks most correlated with Analog Devices, Inc. (ADI) are TXN (0.82), MCHP (0.81) and MCHPP (0.80). 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 ADI?: Over the past year, the stocks most inversely correlated with Analog Devices, Inc. (ADI) are SOXS (-0.74), HIBS (-0.69) and PSQ (-0.65). 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 ADI correlations calculated?: We compute the correlation of daily returns between ADI 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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