Which stocks are most correlated with ASAN?

Based on one year of daily returns, the stocks most correlated with Asana, Inc. Class A Common Stock (ASAN) are WCLD (0.83), XSW (0.77) and CLOU (0.77). 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 ASAN?

Over the past year, the stocks most inversely correlated with Asana, Inc. Class A Common Stock (ASAN) are WEBS (-0.54), HDGE (-0.52) and DWSH (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Asana, Inc. Class A Common Stock (ASAN) — Stock Correlations & Overview

Over the past year, ASAN has moved most closely with WCLD, XSW, CLOU. Explore the stocks most correlated and inversely correlated with ASAN below, along with its price, financials, and company profile.

Stocks correlated with ASAN

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

Most correlated with ASAN

Symbol	Company	Correlation
WCLD	WisdomTree Cloud Computing Fund	0.83
XSW	State Street SPDR S&P Software & Services ETF	0.77
CLOU	Global X Cloud Computing ETF	0.77
FRSH	Freshworks Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	0.76
INVN	Alger Russell Innovation ETF	0.75

Most inversely correlated with ASAN

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.54
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.52
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.47
PLTD	Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF	-0.40
PALD	Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF	-0.39

Frequently asked questions about ASAN correlations

Which stocks are most correlated with ASAN?: Based on one year of daily returns, the stocks most correlated with Asana, Inc. Class A Common Stock (ASAN) are WCLD (0.83), XSW (0.77) and CLOU (0.77). 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 ASAN?: Over the past year, the stocks most inversely correlated with Asana, Inc. Class A Common Stock (ASAN) are WEBS (-0.54), HDGE (-0.52) and DWSH (-0.47). 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 ASAN correlations calculated?: We compute the correlation of daily returns between ASAN 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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