Coherent Corp. (COHR) — Stock Correlations & Overview
Over the past year, COHR has moved most closely with LITE, SPRX, GLW. Explore the stocks most correlated and inversely correlated with COHR below, along with its price, financials, and company profile.
Stocks correlated with COHR
Correlation of daily returns. Higher positive values move with COHR; negative values move opposite it. Informational only, not investment advice.
Most correlated with COHR
| Symbol | Company | Correlation |
|---|---|---|
| LITE | Lumentum Holdings Inc. Common StockCOMMUNICATIONS EQUIPMENT, NEC | 0.79 |
| SPRX | Spear Alpha ETF | 0.79 |
| GLW | Corning IncorporatedDRAWING & INSULATING OF NONFERROUS WIRE | 0.77 |
| PTF | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF | 0.77 |
| FN | FabrinetTELEPHONE & TELEGRAPH APPARATUS | 0.76 |
Frequently asked questions about COHR correlations
- Which stocks are most correlated with COHR?
- Based on one year of daily returns, the stocks most correlated with Coherent Corp. (COHR) are LITE (0.79), SPRX (0.79) and GLW (0.77). 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 COHR?
- Over the past year, the stocks most inversely correlated with Coherent Corp. (COHR) are SOXS (-0.70), SSG (-0.68) and BTAL (-0.67). 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 COHR correlations calculated?
- We compute the correlation of daily returns between COHR 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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