Advanced Micro Devices (AMD) — Stock Correlations & Overview
Over the past year, AMD has moved most closely with AMDL, AMUU, AMDG. Explore the stocks most correlated and inversely correlated with AMD below, along with its price, financials, and company profile.
Stocks correlated with AMD
Correlation of daily returns. Higher positive values move with AMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMD
| Symbol | Company | Correlation |
|---|---|---|
| AMDL | GraniteShares 2x Long AMD Daily ETF | 1.00 |
| AMUU | Direxion Shares ETF Trust Direxion Daily AMD Bull 2X ETF | 0.99 |
| AMDG | Leverage Shares 2X Long AMD Daily ETF | 0.99 |
| AMDW | Roundhill AMD WeeklyPay ETF | 0.99 |
| AMDY | YieldMax AMD Option Income Strategy ETF | 0.97 |
Most inversely correlated with AMD
| Symbol | Company | Correlation |
|---|---|---|
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.99 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.79 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.77 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.73 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.72 |
Frequently asked questions about AMD correlations
- Which stocks are most correlated with AMD?
- Based on one year of daily returns, the stocks most correlated with Advanced Micro Devices (AMD) are AMDL (1.00), AMUU (0.99) and AMDG (0.99). 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 AMD?
- Over the past year, the stocks most inversely correlated with Advanced Micro Devices (AMD) are AMDD (-0.99), TSXD (-0.79) and SOXS (-0.77). 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 AMD correlations calculated?
- We compute the correlation of daily returns between AMD 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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