Which stocks are most correlated with BELFA?

Based on one year of daily returns, the stocks most correlated with Bel Fuse Inc (BELFA) are BELFB (0.94), PSI (0.72) and VOLT (0.69). 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 BELFA?

Over the past year, the stocks most inversely correlated with Bel Fuse Inc (BELFA) are SOXS (-0.64), HIBS (-0.62) and BTAL (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

Bel Fuse Inc (BELFA) — Stock Correlations & Overview

Over the past year, BELFA has moved most closely with BELFB, PSI, VOLT. Explore the stocks most correlated and inversely correlated with BELFA below, along with its price, financials, and company profile.

Stocks correlated with BELFA

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

Most correlated with BELFA

Symbol	Company	Correlation
BELFB	Bel Fuse IncELECTRONIC COILS, TRANSFORMERS & OTHER INDUCTORS	0.94
PSI	Invesco Semiconductors ETF	0.72
VOLT	Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES	0.69
PSCT	Invesco S&P SmallCap Information Technology ETFINVESTMENT ADVICE	0.68
TSME	Thrivent Small-Mid Cap Equity ETF	0.68

Most inversely correlated with BELFA

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.64
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.62
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.59
TECS	Direxion Daily Technology Bear 3x ETF	-0.57
REW	Proshares UltraShort Technology	-0.57

Frequently asked questions about BELFA correlations

Which stocks are most correlated with BELFA?: Based on one year of daily returns, the stocks most correlated with Bel Fuse Inc (BELFA) are BELFB (0.94), PSI (0.72) and VOLT (0.69). 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 BELFA?: Over the past year, the stocks most inversely correlated with Bel Fuse Inc (BELFA) are SOXS (-0.64), HIBS (-0.62) and BTAL (-0.59). 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 BELFA correlations calculated?: We compute the correlation of daily returns between BELFA 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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