Which stocks are most correlated with BB?

Based on one year of daily returns, the stocks most correlated with BlackBerry Limited (BB) are FXL (0.51), HLIT (0.51) and XITK (0.49). 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 BB?

Over the past year, the stocks most inversely correlated with BlackBerry Limited (BB) are TECS (-0.45), REW (-0.45) and HIBS (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

BlackBerry Limited (BB) — Stock Correlations & Overview

Over the past year, BB has moved most closely with FXL, HLIT, XITK. Explore the stocks most correlated and inversely correlated with BB below, along with its price, financials, and company profile.

Stocks correlated with BB

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

Most correlated with BB

Symbol	Company	Correlation
FXL	First Trust Technology AlphaDEX Fund	0.51
HLIT	Harmonic IncRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT	0.51
XITK	State Street SPDR FactSet Innovative Technology ETF	0.49
IHAK	iShares Cybersecurity and Tech ETF	0.49
FDTX	Fidelity Disruptive Technology ETF	0.49

Most inversely correlated with BB

Symbol	Company	Correlation
TECS	Direxion Daily Technology Bear 3x ETF	-0.45
REW	Proshares UltraShort Technology	-0.45
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.43
PSQ	ProShares Short QQQ	-0.41
QID	ProShares UltraShort QQQ	-0.41

Frequently asked questions about BB correlations

Which stocks are most correlated with BB?: Based on one year of daily returns, the stocks most correlated with BlackBerry Limited (BB) are FXL (0.51), HLIT (0.51) and XITK (0.49). 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 BB?: Over the past year, the stocks most inversely correlated with BlackBerry Limited (BB) are TECS (-0.45), REW (-0.45) and HIBS (-0.43). 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 BB correlations calculated?: We compute the correlation of daily returns between BB 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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