Direxion Shares ETF Trust Direxion Daily AVGO Bear 1X ETF (AVS) — Stock Correlations & Overview
Over the past year, AVS has moved most closely with TTXD, TSXD, SSG. Explore the stocks most correlated and inversely correlated with AVS below, along with its price, financials, and company profile.
Stocks correlated with AVS
Correlation of daily returns. Higher positive values move with AVS; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVS
| Symbol | Company | Correlation |
|---|---|---|
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | 0.75 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | 0.74 |
| SSG | ProShares UltraShort Semiconductors | 0.74 |
| TECS | Direxion Daily Technology Bear 3x ETF | 0.69 |
| REW | Proshares UltraShort Technology | 0.69 |
Most inversely correlated with AVS
| Symbol | Company | Correlation |
|---|---|---|
| AVGO | Broadcom Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | -1.00 |
| AVGG | Leverage Shares 2X Long AVGO Daily ETF | -0.99 |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | -0.99 |
| AVGU | GraniteShares 2x Long AVGO Daily ETF | -0.99 |
| AVGW | Roundhill AVGO WeeklyPay ETF | -0.99 |
Frequently asked questions about AVS correlations
- Which stocks are most correlated with AVS?
- Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily AVGO Bear 1X ETF (AVS) are TTXD (0.75), TSXD (0.74) and SSG (0.74). 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 AVS?
- Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily AVGO Bear 1X ETF (AVS) are AVGO (-1.00), AVGG (-0.99) and AVGX (-0.99). 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 AVS correlations calculated?
- We compute the correlation of daily returns between AVS 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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