Which stocks are most correlated with CIEN?

Based on one year of daily returns, the stocks most correlated with Ciena Corporation (CIEN) are TCAI (0.75), SGRT (0.74) and COHR (0.73). 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 CIEN?

Over the past year, the stocks most inversely correlated with Ciena Corporation (CIEN) are SOXS (-0.65), TSXD (-0.61) and SSG (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

Ciena Corporation (CIEN) — Stock Correlations & Overview

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

Stocks correlated with CIEN

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

Most correlated with CIEN

Symbol	Company	Correlation
TCAI	Tortoise AI Infrastructure ETF	0.75
SGRT	SMART Earnings Growth 30 ETF	0.74
COHR	Coherent Corp.OPTICAL INSTRUMENTS & LENSES	0.73
PTF	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF	0.73
FCUS	Pinnacle Focused Opportunities ETF	0.72

Most inversely correlated with CIEN

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.65
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.61
SSG	ProShares UltraShort Semiconductors	-0.60
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.59
REW	Proshares UltraShort Technology	-0.59

Frequently asked questions about CIEN correlations

Which stocks are most correlated with CIEN?: Based on one year of daily returns, the stocks most correlated with Ciena Corporation (CIEN) are TCAI (0.75), SGRT (0.74) and COHR (0.73). 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 CIEN?: Over the past year, the stocks most inversely correlated with Ciena Corporation (CIEN) are SOXS (-0.65), TSXD (-0.61) and SSG (-0.60). 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 CIEN correlations calculated?: We compute the correlation of daily returns between CIEN 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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