ASE Technology Holding Co., Ltd. (ASX) — Stock Correlations & Overview
Over the past year, ASX has moved most closely with SOXY, CHPS, SOXL. Explore the stocks most correlated and inversely correlated with ASX below, along with its price, financials, and company profile.
Stocks correlated with ASX
Correlation of daily returns. Higher positive values move with ASX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASX
| Symbol | Company | Correlation |
|---|---|---|
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 0.82 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.81 |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 0.81 |
| BAI | iShares A.I. Innovation and Tech Active ETF | 0.80 |
| SOXX | iShares Semiconductor ETF | 0.80 |
Most inversely correlated with ASX
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.79 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.75 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.72 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.72 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.72 |
Frequently asked questions about ASX correlations
- Which stocks are most correlated with ASX?
- Based on one year of daily returns, the stocks most correlated with ASE Technology Holding Co., Ltd. (ASX) are SOXY (0.82), CHPS (0.81) and SOXL (0.81). 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 ASX?
- Over the past year, the stocks most inversely correlated with ASE Technology Holding Co., Ltd. (ASX) are SOXS (-0.79), TSXD (-0.75) and EEV (-0.72). 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 ASX correlations calculated?
- We compute the correlation of daily returns between ASX 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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