Which stocks are most correlated with ADTN?

Based on one year of daily returns, the stocks most correlated with ADTRAN Holdings, Inc. Common Stock (ADTN) are XTL (0.54), ADEA (0.53) and ICHR (0.52). 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 ADTN?

Over the past year, the stocks most inversely correlated with ADTRAN Holdings, Inc. Common Stock (ADTN) are BTAL (-0.44), HIBS (-0.43) and SOXS (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

ADTRAN Holdings, Inc. Common Stock (ADTN) — Stock Correlations & Overview

Over the past year, ADTN has moved most closely with XTL, ADEA, ICHR. Explore the stocks most correlated and inversely correlated with ADTN below, along with its price, financials, and company profile.

Stocks correlated with ADTN

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

Most correlated with ADTN

Symbol	Company	Correlation
XTL	State Street SPDR S&P Telecom ETF	0.54
ADEA	Adeia Inc. Common StockCABLE & OTHER PAY TELEVISION SERVICES	0.53
ICHR	Ichor HoldingsSEMICONDUCTORS & RELATED DEVICES	0.52
COHU	Cohu IncINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS	0.49
DARP	Grizzle Growth ETF	0.48

Most inversely correlated with ADTN

Symbol	Company	Correlation
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.44
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.43
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.41
REW	Proshares UltraShort Technology	-0.40
TECS	Direxion Daily Technology Bear 3x ETF	-0.40

Frequently asked questions about ADTN correlations

Which stocks are most correlated with ADTN?: Based on one year of daily returns, the stocks most correlated with ADTRAN Holdings, Inc. Common Stock (ADTN) are XTL (0.54), ADEA (0.53) and ICHR (0.52). 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 ADTN?: Over the past year, the stocks most inversely correlated with ADTRAN Holdings, Inc. Common Stock (ADTN) are BTAL (-0.44), HIBS (-0.43) and SOXS (-0.41). 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 ADTN correlations calculated?: We compute the correlation of daily returns between ADTN 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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