Bandwidth Inc. Class A Common Stock (BAND) — Stock Correlations & Overview
Over the past year, BAND has moved most closely with RDWR, FIVN, TWLO. Explore the stocks most correlated and inversely correlated with BAND below, along with its price, financials, and company profile.
Stocks correlated with BAND
Correlation of daily returns. Higher positive values move with BAND; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAND
| Symbol | Company | Correlation |
|---|---|---|
| RDWR | Radware Ltd. | 0.49 |
| FIVN | FIVE9, INC.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.45 |
| TWLO | Twilio Inc.SERVICES-PREPACKAGED SOFTWARE | 0.45 |
| IHAK | iShares Cybersecurity and Tech ETF | 0.43 |
| NUMG | Nuveen ESG Mid-Cap Growth ETF | 0.42 |
Most inversely correlated with BAND
| Symbol | Company | Correlation |
|---|---|---|
| OPCH | Option Care Health, Inc. Common StockSERVICES-HOME HEALTH CARE SERVICES | -0.40 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.35 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.35 |
| DXD | ProShares UltraShort Dow 30 | -0.32 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.32 |
Frequently asked questions about BAND correlations
- Which stocks are most correlated with BAND?
- Based on one year of daily returns, the stocks most correlated with Bandwidth Inc. Class A Common Stock (BAND) are RDWR (0.49), FIVN (0.45) and TWLO (0.45). 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 BAND?
- Over the past year, the stocks most inversely correlated with Bandwidth Inc. Class A Common Stock (BAND) are OPCH (-0.40), PALD (-0.35) and WEBS (-0.35). 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 BAND correlations calculated?
- We compute the correlation of daily returns between BAND 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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