Which stocks are most correlated with AXTI?

Based on one year of daily returns, the stocks most correlated with AXT Inc (AXTI) are COHR (0.61), LITE (0.59) and PTF (0.57). 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 AXTI?

Over the past year, the stocks most inversely correlated with AXT Inc (AXTI) are REW (-0.47), TECS (-0.47) and SSG (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

AXT Inc (AXTI) — Stock Correlations & Overview

Over the past year, AXTI has moved most closely with COHR, LITE, PTF. Explore the stocks most correlated and inversely correlated with AXTI below, along with its price, financials, and company profile.

Stocks correlated with AXTI

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

Most correlated with AXTI

Symbol	Company	Correlation
COHR	Coherent Corp.OPTICAL INSTRUMENTS & LENSES	0.61
LITE	Lumentum Holdings Inc. Common StockCOMMUNICATIONS EQUIPMENT, NEC	0.59
PTF	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF	0.57
VIAV	Viavi Solutions Inc. Common StockSEMICONDUCTORS & RELATED DEVICES	0.55
AAOI	Applied Optoelectronics, Inc.SEMICONDUCTORS & RELATED DEVICES	0.54

Most inversely correlated with AXTI

Symbol	Company	Correlation
REW	Proshares UltraShort Technology	-0.47
TECS	Direxion Daily Technology Bear 3x ETF	-0.47
SSG	ProShares UltraShort Semiconductors	-0.45
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.45
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.44

Frequently asked questions about AXTI correlations

Which stocks are most correlated with AXTI?: Based on one year of daily returns, the stocks most correlated with AXT Inc (AXTI) are COHR (0.61), LITE (0.59) and PTF (0.57). 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 AXTI?: Over the past year, the stocks most inversely correlated with AXT Inc (AXTI) are REW (-0.47), TECS (-0.47) and SSG (-0.45). 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 AXTI correlations calculated?: We compute the correlation of daily returns between AXTI 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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