CPS Technologies Corp. Common Stock (CPSH) — Stock Correlations & Overview
Over the past year, CPSH has moved most closely with AIMD, UFO, HLIT. Explore the stocks most correlated and inversely correlated with CPSH below, along with its price, financials, and company profile.
Stocks correlated with CPSH
Correlation of daily returns. Higher positive values move with CPSH; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPSH
| Symbol | Company | Correlation |
|---|---|---|
| AIMD | Ainos, Inc. Common StockCOMPUTER PERIPHERAL EQUIPMENT, NEC | 0.49 |
| UFO | Procure Space ETF | 0.47 |
| HLIT | Harmonic IncRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.46 |
| JEDI | Defiance Drone and Modern Warfare ETF | 0.46 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.46 |
Most inversely correlated with CPSH
| Symbol | Company | Correlation |
|---|---|---|
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.37 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.37 |
| TWM | ProShares UltraShort Russell2000 | -0.36 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.36 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.36 |
Frequently asked questions about CPSH correlations
- Which stocks are most correlated with CPSH?
- Based on one year of daily returns, the stocks most correlated with CPS Technologies Corp. Common Stock (CPSH) are AIMD (0.49), UFO (0.47) and HLIT (0.46). 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 CPSH?
- Over the past year, the stocks most inversely correlated with CPS Technologies Corp. Common Stock (CPSH) are TSXD (-0.37), SOXS (-0.37) and TWM (-0.36). 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 CPSH correlations calculated?
- We compute the correlation of daily returns between CPSH 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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