AudioCodes Ltd (AUDC) — Stock Correlations & Overview
Over the past year, AUDC has moved most closely with AVNW, XITK, FINX. Explore the stocks most correlated and inversely correlated with AUDC below, along with its price, financials, and company profile.
Stocks correlated with AUDC
Correlation of daily returns. Higher positive values move with AUDC; negative values move opposite it. Informational only, not investment advice.
Most correlated with AUDC
| Symbol | Company | Correlation |
|---|---|---|
| AVNW | Aviat Networks, Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.53 |
| XITK | State Street SPDR FactSet Innovative Technology ETF | 0.48 |
| FINX | Global X Funds Global X FinTech ETF | 0.47 |
| BASG | Brown Advisory Sustainable Growth ETF | 0.47 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.46 |
Most inversely correlated with AUDC
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.44 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.40 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.37 |
| SDS | ProShares UltraShort S&P500 | -0.36 |
| SH | ProShares Short S&P500 | -0.36 |
Frequently asked questions about AUDC correlations
- Which stocks are most correlated with AUDC?
- Based on one year of daily returns, the stocks most correlated with AudioCodes Ltd (AUDC) are AVNW (0.53), XITK (0.48) and FINX (0.47). 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 AUDC?
- Over the past year, the stocks most inversely correlated with AudioCodes Ltd (AUDC) are WEBS (-0.44), SARK (-0.40) and AIBD (-0.37). 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 AUDC correlations calculated?
- We compute the correlation of daily returns between AUDC 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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