Akamai Technologies Inc (AKAM) — Stock Correlations & Overview
Over the past year, AKAM has moved most closely with DOCN, FSLY, SPAM. Explore the stocks most correlated and inversely correlated with AKAM below, along with its price, financials, and company profile.
Stocks correlated with AKAM
Correlation of daily returns. Higher positive values move with AKAM; negative values move opposite it. Informational only, not investment advice.
Most correlated with AKAM
| Symbol | Company | Correlation |
|---|---|---|
| DOCN | DigitalOcean Holdings, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.55 |
| FSLY | Fastly, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.50 |
| SPAM | Themes Cybersecurity ETF | 0.49 |
| PSWD | Xtrackers Cybersecurity Select Equity ETF | 0.49 |
| FROG | JFrog Ltd. Ordinary SharesSERVICES-PREPACKAGED SOFTWARE | 0.45 |
Most inversely correlated with AKAM
| Symbol | Company | Correlation |
|---|---|---|
| AORT | Artivion, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.38 |
| REW | Proshares UltraShort Technology | -0.34 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.34 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.30 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.30 |
Frequently asked questions about AKAM correlations
- Which stocks are most correlated with AKAM?
- Based on one year of daily returns, the stocks most correlated with Akamai Technologies Inc (AKAM) are DOCN (0.55), FSLY (0.50) and SPAM (0.49). 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 AKAM?
- Over the past year, the stocks most inversely correlated with Akamai Technologies Inc (AKAM) are AORT (-0.38), REW (-0.34) and TECS (-0.34). 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 AKAM correlations calculated?
- We compute the correlation of daily returns between AKAM 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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